MEMPHIS, Tenn., (January 18, 2006) – Morgan Keegan & Company announced today that the headquarters operations of the Memphis-based New York Stock Exchange investment firm will remain in downtown Memphis through 2015. The firm extended its lease with Parkway Properties for more than 220,000 square feet located in the prestigious Morgan Keegan Tower at 50 North Front Street.
Morgan Keegan, one of the largest private employers in the downtown area, has long been a proponent of a vibrant downtown business center as key to growth of the community. Morgan Keegan credits the Mayor of the City of Memphis, Dr. Willie W. Herenton, and other city and county leaders for their support and assistance with this decision to keep its corporate headquarters and nearly 1000 employees downtown.
Chief Executive Officer G. Douglas Edwards says, "We've been committed to supporting downtown for more than three decades and our location has helped us attract talented professionals from through-out the region and beyond. Now as part of the Regions Financial family, we believe it is important to maintain a major presence in downtown Memphis, one of the key financial centers in the South."
Morgan Keegan has been a part of the downtown Memphis landscape since the firm's founding in 1969. In 1985, Morgan Keegan became the first tenant to occupy space in Morgan Keegan Tower, a landmark on the riverfront skyline. Since that time, Morgan Keegan has grown significantly and so has the firm's presence in the Front Street location. Today, Morgan Keegan Tower houses the firm's executive management offices; operations and technology centers; equity and fixed income trading floors; institutional and retail sales units; wealth management services; and, investment banking. Additionally, Morgan Keegan's parent Regions Financial recently opened a Regions Morgan Keegan Private Banking branch in the lobby of Morgan Keegan Tower.
Contact
Kathy Ridley
Corporate Communications
Morgan Keegan & Co., Inc.
901/529-5449 or 800/366-7426
