Who owns morgan keegan

We don't want to be the largest. We want to grow to a scale to be the premier alternative to Wall Street. Carson will work out of Memphis the first year before likely moving to St. Morgan Keegan's base will remain in Memphis, where Raymond James' head of fixed income is already located.

Reilly said there will be some minimal job cuts due to overlap, but the acquisition isn't expected to add or detract from the company's head count in St. Raymond James has about 3, employees in its St. Petersburg headquarters and will have another 1, in Memphis once the deal is complete. They have a big brand equity. It's among the biggest U. Want more of our free, weekly newsletters in your inbox?

In June, Regions began looking for a buyer for Morgan Keegan. The transaction is expected to close on or about March 30, , subject to regulatory approvals and other customary conditions. The company will conduct a conference call for investors and analysts January 12, at a.

Visit raymondjames. The subjects to be covered may include forward-looking information. Questions may be posed to management by participants on the analyst call-in line, and in response the company may disclose additional material information. Morgan Keegan Board Members 1. Morgan Keegan Signals.

Growth Rate 0. Weekly Growth 0. Size Multiple x Median. Key Data Points Twitter Followers 5. Similarweb Unique Visitors Majestic Referring Domains Morgan Keegan Former Investors. Morgan Keegan Subsidiaries 1. Morgan Keegan Exits Contact Us info pitchbook. For Raymond James, it was the largest acquisition it has ever made and a chance to expand both its brokerage and capital markets business at a bargain price. The acquisition adds about 1, advisers to St. With approximately 6, brokers, Raymond James would be one of the largest U.

Dozens of Morgan Keegan brokers have already departed in the past year since Regions Financial announced in June it was seeking a buyer for the unit. The auction of Morgan Keegan, based in Memphis, Tennessee, has seen a series of twists and turns, as both rivals and private equity firms made bids but then backed away as markets convulsed.