Morgan Keegan & Company
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| Public | |
| Traded as | : RJF |
| Industry | Investment services |
| Headquarters |
St. Petersburg, Florida, United States |
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Key people
|
Thomas James (Executive chairman) Paul Reilly (CEO) John Carson (President) |
| Products | Financial services, securities and insurance brokerage |
| Website | www |
Raymond James | Morgan Keegan is the interim[update] name of the former Morgan Keegan & Co. business units acquired by Raymond James Financial on April 2, 2012. The combined firms’ subsidiaries engage primarily in investment and financial planning, investment banking, fixed income products and asset management.
The combined firms’ Fixed Income group is located in the former Morgan Keegan corporate headquarters in Memphis, Tennessee.
Morgan Keegan was founded in Memphis in 1969 by Allen B. Morgan, Jr., James Keegan, Robert Gooch, Jr., and accountant Joseph C. Weller. Morgan had been with Courts & Co., Keegan was previously an over-the-counter trader at Equitable Securities, and Gooch had been with Kohlmeyer & Co. John Stokes joined shortly thereafter from Merrill Lynch.
At the end of its first year, the company had 13 employees and $614,000 in capital. In 1970, MK secured a seat on the . Within three years, MK had set up a fixed income division and opened its first branch office. By 1976, MK had established an investment banking division.
In 1983, the company sold shares to the public through an initial public offering. In 1985, the company stock was listed on the NYSE under the ticker symbol "MOR" and corporate revenues exceeded $50 million for the first time. Keegan left the firm in 1985.
In 1985 construction of the new Morgan Keegan Tower in downtown Memphis was completed. At 21 stories and 403 feet tall (including the spire), it is the second-highest building in Memphis. In a nod to the past, the four giant stone griffins that adorned the Hotel King Cotton formerly on the site are displayed in the atrium of the Tower.
Also in 1985, William W. "Bill" Deupree, Jr., who joined MK in 1972, became president, a position he held until 1996. Deupree also served as a Director of the Securities Industry Association from 1992 to 1995 and on the Regional Advisory Board of the New York Stock Exchange from 1991 to 1995.
In 1988 bought Jackson, Mississippi-based brokerage Geary & Patterson; in 1989 it bought T.J. Raney & Sons, Arkansas' oldest investment banking firm, George M. Wood & Company in Montgomery, Alabama, and Louisiana investment firm Scharff & Jones.
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Wikipedia