MEMPHIS, Tenn. (August 22, 2006) – The Fixed Income Capital Markets division of Morgan Keegan & Company, Inc. is pleased to announce the promotion of Jonathan W. Nordstrom to municipal product manager. Nordstrom, a managing director, joined Morgan Keegan in 2001 as a negotiated underwriter. Most recently, he served as head of municipal underwriting. He replaces Jerry L. Chapman, who is retiring after 34 years in the municipal industry. Chapman will remain with the firm until the end of the year to assist in the transition.
“We are thrilled to have Jonathan lead the department forward,” said John Carson, president of Fixed Income Capital Markets at Morgan Keegan. “He will be very instrumental in our efforts to build on our strong position in the muni industry established under Jerry’s tenure, and improve our national ranking among the largest fixed income divisions in the country.”
Morgan Keegan's Fixed Income Banking division ranked 11th nationally for total par amount of offerings senior managed ($8.8 billion) in 2005, according to Thomson Financial, and has been the #1 municipal underwriter in the South Central United States for 13 consecutive years.
Robert Baird, head of Fixed Income Banking at Morgan Keegan, believes Nordstrom’s knowledge of Morgan Keegan’s extensive public finance efforts will make for an easy transition.
“After a national search, we are certain we have found the most qualified individual for the position right here in Jonathan,” Baird said.
Prior to joining Morgan Keegan, Nordstrom worked in underwriting at Dain Bosworth in Chicago. Nordstrom began his municipal career in 1983 as an institutional salesperson with Clayton Brown, where he worked until a 1996 merger with Dain.
A native Midwesterner, Nordstrom has a B.A. in economics from North Park University in Chicago. As Morgan Keegan’s municipal product manager, Nordstrom will oversee municipal sales, municipal trading and underwriting. Nordstrom’s first priority in his new capacity is to hire an experienced underwriter.
About Morgan Keegan & Company Inc.
Morgan Keegan & Company Inc., one of the nation’s largest regional full-service brokerage and investment banking firms, is the securities brokerage arm of Regions Financial Corporation (NYSE: RF). Headquartered in Memphis, Tenn., Morgan Keegan has some 300 offices across an 18-state footprint. Additional information about Morgan Keegan and Regions – a member of both the Forbes and Fortune 500 and one of the nation’s Top 15 banks – can be found at www.morgankeegan.com and www.regions.com.
Contact:
Eric Bran
Morgan Keegan & Company, Inc.
901/524-4114
eric.bran@morgankeegan.com
