MEMPHIS, Tenn. (January 11, 2011) — Morgan Keegan & Company, Inc. has announced that James J. Dornan has joined the firm as a managing director. Dornan, formerly with Morgan Stanley Smith Barney in Washington, D.C., is leading the firm’s retail expansion in the Washington, D.C / Baltimore area, where he serves as manager. Currently based in the firm’s Rockville, Maryland, office, Dornan’s immediate responsibilities include hiring financial advisors and support staff for the planned Morgan Keegan offices in the D.C., Baltimore, Bethesda and North Virginia markets. He has over 25 years experience in the financial services industry.
"Morgan Keegan is excited about expanding our services to investors in the Washington, D.C./Baltimore area,” said John Carson, Chief Executive Officer of the full service investment firm. “Jim has built an impressive career over the last two decades and is a proven leader. We are fortunate to have someone of his experience and talents leading our retail efforts there."
Dornan’s arrival at Morgan Keegan signals a commitment to growth for the firm in the greater Washington, D.C., area and looks to build on the firm’s notable presence in the region. As one of the top underwriters in the nation and the leading underwriter of long-term municipal bonds in the Southeastern United States (according to Thomson Reuters), Morgan Keegan was the largest overall issuer of municipal bonds in the state of Virginia through the third quarter of 2010. The firm’s award-winning equity research analysts have been recognized among the nation’s most talented by The Wall Street Journal and Financial Times. Morgan Keegan also provides comprehensive investment banking services to middle-market companies, private equity firms and venture capital funds through more than 300 investment banking professionals in 35 offices across the U.S.
Prior to joining Morgan Keegan, Dornan was the Washington, D.C. /Alexandria, Va. Complex Branch Manager for Morgan Stanley Smith Barney. He began his career as a financial advisor with Lincoln Financial Planning in Jenkintown, Pa. After a series of mergers, he joined Smith Barney in 1992, where he was director of the firm’s national training center. He became a branch manager in 1996 and led retail sales teams in Dublin and Chagrin Falls in Ohio before moving to Washington, D.C.
“Morgan Keegan has made a major commitment in terms of resources and personnel to increase our presence in and around our nation’s capital,” said Dick Ferguson, executive managing director and president of the firm’s Private Client Group. “In our business, it takes talent to attract talent. Jim has been a towering figure in the financial services industry here for many years and we are confident that he can build a strong, prosperous branch that will bring to bear the full scope of products and services that our firm has to offer.”
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 serves individual and institutional investors in over 300 offices in 19 states. Additional information about Morgan Keegan and Regions — a member of the S&P 100 Index — can be found here and at www.regions.com.
Morgan Keegan & Co.