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Morgan Keegan forms investment banking division

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Morgan Keegan, the securities brokerage and investment banking subsidiary of Regions Financial, has firmed an investment banking division.

 

The new division brings together the more than 300 investment banking professionals from the firm’s equity capital markets and fixed income capital markets divisions to provide a broad scope of services and capabilities to the firm’s corporate and public sector clients.

Robert A. Baird (pictured), executive managing director and 31-year veteran of Morgan Keegan, has been named president of the new division.

"Investment banking is the focus of our future growth as a firm and we have successfully assembled some of the finest talent in the industry," says John C. Carson, chief executive of Morgan Keegan. "Our new investment banking division, under Rob Baird’s very capable leadership, gives us the ability to deliver our products and services in a more coordinated fashion through the strong distribution network we already have in place."

Baird joined the firm in 1979 as one of its first investment bankers. For the past two years, he has served as president of the firm’s fixed income capital markets division and helped lead the division to a record year in 2009. He has also headed the firm’s fixed income investment banking effort since 1996.

"Our firm’s investment bankers are some of the most talented in the industry. Combining all of our investment banking resources into one division creates a stronger, more effective platform to better serve our clients and achieve our revenue and market share growth objectives," says Baird. "The new division will enhance our ability to leverage the client relationships of our parent company and other divisions within our firm to grow our investment banking businesses, particularly in specialty sectors such as healthcare, technology, energy, real estate, financial services, and public finance."

Executive managing director John H. "Chip" Grayson, Jr., will continue directing the firm’s equity investment banking activities and will report to Baird. Kevin H. Giddis will succeed Baird as president of the fixed income capital markets division which encompasses sales, trading and research efforts.

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