FTN Financial Capital Markets Announces Expanded Municipal Bond Efforts
MEMPHIS, Tenn., Feb. 5, 2013 (GLOBE NEWSWIRE) -- FTN Financial Capital
Markets, a division of First Tennessee Bank NA, announces its continued
expansion in the general market municipal bond sector with the addition of a
public finance department.
With a hundred-year history of service in the municipal bond business, FTN
Financial began expanding its role with the addition of a dedicated municipal
sales group in 2012. The establishment of the public finance department serves
to complement FTN Financial's municipal trading and competitive underwriting
To date, offices have been opened in San Antonio and Austin, Texas, as part of
this expansion. Rogelio Rodriguez (San Antonio) and Don Henderson (Austin),
with a combined experience of over forty years in Texas public finance, joined
FTN Financial's public finance team and they will focus on negotiated
municipal bond transactions. FTN Financial has already achieved significant
results in this arena, participating in four transactions in January,
including the solely-underwritten $88 million La Joya Independent School
District refunding issue in Texas.
"True to our model, we expanded our trading and underwriting last year. The
establishment of this public finance group was the next logical step.We plan
to increase our commitment to the general market municipal platform and expand
our public finance department, expecting significant market penetration," said
Mike Allen, FTN Financial's Municipal Products Manager.
FTN Financial has also added Josh Mulholland to its dedicated Municipal Bond
Sales team.Josh brings over 20 years of institutional municipal sales
experience to FTN Financial. "We continue to attract the finest sales talent
in the industry," says Rod Turner, Director of Sales at FTN Financial.
"Our objective is to provide real value to our customers – both issuers and
investors alike – by bringing quality products to the market with our unique
combination of vast distribution and available capital to deploy,"says
Michael E. Kisber, President of FTN Financial. "We're very excited with the
level of enthusiasm and acceptance in the market that we have experienced with
this strategic initiative."
The strength of FTN Financial's platformis its extensive fixed income
distribution network of over 6,000 institutional clients worldwide, including
approximately 50% of all U.S. banks with portfolios over one hundred million
dollars. FTN Financial is a capital markets leader in fixed income sales,
trading, and strategies, with average trading volumes in excess of $5 billion
per day. FTN Financial has over 50 traders and 165 sales representatives
located in 19 offices worldwide.
Information about FTN Financial and its entire offering of products and
services can be found at www.ftnfinancial.com.
FTN Financial Group, FTN Financial Capital Markets, and FTN Financial
Portfolio Advisors are divisions of First Tennessee Bank National Association
(FTB). FTN Financial Securities Corp (FFSC), FTN Financial Main Street
Advisors, LLC, and FTN Financial Capital Assets Corporation are wholly owned
subsidiaries of FTB. FFSC is a member of FINRA and SIPC—http://www.sipc.org/.
FTN Financial Group, through FTB or its affiliates, offers investment products
and services. FTN Financial is not registered as a Municipal Advisor.
CONTACT: Sally Pace, SVP Marketing and Communications
(901) 435-7956 \ email@example.com
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