Hires Veteran McGrew for Industrial Group
MEMPHIS, Tenn. (April 1, 2010) - Morgan Keegan & Company, Inc., today announced that Frank A. McGrew, IV, has joined the firm’s Investment Banking division as a managing director. He is primarily responsible for leading the division’s industrial group and developing mergers & acquisitions and capital raising activities for this industry sector on a global basis. McGrew is based in the firm’s Investment Banking office in Nashville, Tennessee and will work closely with Randy Karchmer and Scott Garfinkel, managing directors of mergers and acquisitions.
"Frank's expertise and proven business development skills makes him an important leader of our industrial group. He adds sophisticated M&A and strategic advisory capability while also bringing significant knowledge of basic industrial and manufacturing businesses to our firm," said Chip Grayson, executive managing director, Investment Banking. “His ability to make immediate and significant contributions to our investment banking efforts exemplifies our commitment to expand our services in the industrial sector.”
McGrew brings nearly 18 years of combined investment banking, private equity investing, and general financial management and leadership experience. He was formerly a managing director at Morgan Joseph & Co. Inc., where he focused on M&A and capital raising assignments for diversified industrial manufacturing and distribution companies related to steel, water, building products and energy infrastructure. His clients included numerous public, private and family-owned companies as well as portfolio companies of financial sponsors. McGrew holds an M.B.A. from the Wharton School of the University of Pennsylvania and a bachelor’s degree in business administration from SouthernMethodist University.
Morgan Keegan Investment Banking offers comprehensive merger and acquisition advisory services and equity and debt capital-raising services to both the public and private sector. Morgan Keegan is a leader in providing investment banking services in a number of industry sectors including transportation, real estate, healthcare, technology, energy, financial institutions, and corporate restructuring. Additionally, Morgan Keegan’s public finance investment banking practice is recognized as one of the largest in the nation offering comprehensive banking services to governmental and not-for-profit issuers of tax-exempt and taxable debt. Morgan Keegan has over 300 investment banking professionals in 35 offices across the country.
About Morgan Keegan & Company, Inc.
Morgan Keegan & Company, Inc., one of the largest full-service brokerage and investment banking firms in the nation, is the securities brokerage, trust and asset management arm of Regions Financial Corp. (NYSE: RF). Headquartered in Memphis, Tenn., Morgan Keegan has over 300 offices in 19 states. Additional information about Morgan Keegan can be found at www.morgankeegan.com.
About Regions Financial Corporation
Regions Financial Corporation, with $142 billion in assets, is a member of the S&P 100 Index and one of the nation’s largest full-service providers of consumer and commercial banking, trust, securities brokerage, mortgage and insurance products and services. Regions serves customers in 16 states across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,800 banking offices and 2,200 ATMs. Its investment and securities brokerage trust and asset management division, Morgan Keegan & Company, Inc., provides services from over 300 offices. Additional information about Regions and its full line of products and services can be found at www.regions.com.
Contact:
Gail Rimer
901-524-4183
