Wachovia names Bouhuys head of new Credit Capital Markets group

By Sara Rosenberg

New York, July 22 - Wachovia's Corporate and Investment Banking division named Julie Bouhuys as head of the new Credit Capital Markets group effective Oct. 1. Furthermore, Bouhuys was appointed to the CIB Operating Committee.

The Credit Capital Markets group was formed through the reorganization of the Leveraged Finance Group into Credit Capital Markets and Capital Finance. Businesses housed in the group include loan syndications, structuring and underwriting, portfolio management, special situations, market valuation and research and portfolio analysis.

"The creation of Credit Capital Markets underscores the importance of an even more direct and vigilant approach to managing the capital investment in our loan portfolio - a key priority for this division and for Wachovia. In addition to Julie's proven track record running our workout group, she has a terrific knowledge of underwriting and market dynamics, which will be critical to her new role," said Barnes Hauptfuhrer, co-head of Wachovia's Corporate and Investment Bank, in the release.

"Julie's outstanding leadership of our Special Situations Group during a period of high workout-related activity - coupled with her broad experience in all aspects of credit origination - make her the best person for this very important job," added Steve Cummings, co-head of the Corporate and Investment Bank, in a company press release.

Bouhuys joined First Union in 1994 as a leveraged finance senior credit officer. In 1997 Bouhuys went on to lead the Special Situations Group.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.