Scott Lanham has been named regional president for the New York City metro region of Wachovia Securities, according to an official at the firm. Lanham, who has been with the firm since 1998 and was most recently branch manager of the firm's office on 49th Street in Manhattan, replaces Paul Santucci, who left for UBS Securities. Santucci was the regional head at Prudential and left his position in September following the merger of that firm's brokerage unit with Wachovia.
Smith Barney named Charlie Johnston director of the private client group's domestic branch system, replacing Paul Underwood, who is retiring this year. Johnston was most recently divisional director of the Midwest division and spent seven years as regional director of the Mountain States region. Johnston, who has been with the firm for 18 years, reports to CEO Tom Matthews.
Merrill Lynch has named Jennifer Povlitz as director of its New York private wealth center. The move is a somewhat radical one for Povlitz, geographically speaking; before taking over the New York metro area, she was in charge of Merrill's Columbia, S.C. complex, one that Merrill says is “one of the top performing complexes in the Southeast region.” She will be responsible for developing private banking among affluent investors. Povlitz replaces Lee Weiss, the previous branch manager, who had been with Merrill Lynch for 11 years before leaving earlier this year.
Oppenheimer & Co. recently hired Harold Jaschke, a million-dollar producer based in Houston. He had been working as an independent affiliated with Round Hill Securities and had previously worked with Ridgeway Helms Securities and Everen Securities, according to the NASD.
Timothy Seneff is the new chief operating officer of Orlando, Fla.-based CNL Securities. Seneff has worked for CNL since 1992 and is a registered representative. He will also be in charge of CNL Investment Company (as well as director of CNL Holdings) and will be managing both subsidiaries' business and strategic planning initiatives.