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Dan Cornell Joins Morgan Keegan’s Security & Defense Investment Banking Group

Dépèche transmise le 5 avril 2011 par Business Wire

MEMPHIS, Tenn.--(BUSINESS WIRE)--Morgan Keegan & Company, Inc. announced today that Dan Cornell has joined the firm’s Security & Defense Investment Banking group as a managing director. In addition to enhancing Morgan Keegan’s already significant presence in the defense sector, Cornell, formerly with Jefferies & Co., will be instrumental in initiating the firm’s coverage of the aerospace and government services sectors.

“His arrival allows us to cover the full continuum of companies operating within the commercial security, homeland security, safety, aerospace, defense, space and government services sectors, giving us comprehensive coverage and further solidifying our leadership position.”

Cornell’s arrival at Morgan Keegan coincides with the announcement by Regions Financial, the firm’s parent company, of the formation of a Technology & Defense Banking Group dedicated to serving the unique financial needs of companies in these specialized industries. David Sozio, a 25-year veteran in the technology and defense sectors, was named managing director of Regions’ Technology & Defense Banking Group. The group will focus on providing Regions and Morgan Keegan clients with debt capital solutions to support both organic growth and merger and acquisition activities.

“Dan’s strong track record of working with aerospace, defense and government services companies will enhance the level and breadth of services to our clients,” said Rob Baird, executive managing director and president of Morgan Keegan Investment Banking. “In tandem with Regions’ new industry-focused banking group, we are uniquely positioned to provide comprehensive banking services to organizations in the technology and defense industries throughout the U.S.”

During his 15 years in the investment banking industry, Cornell has executed more than 90 capital raising and mergers and acquisitions transactions in the aerospace, defense and government services sectors. While at Jefferies, he served as the head of the Washington, D.C. office and led several of the firm’s notable transactions. Prior to Jefferies, Cornell built leading aerospace, defense and government services investment banking practices at Quarterdeck Investment Partners, Legg Mason and Stifel Nicolaus.

”I am excited to be a part of Morgan Keegan’s robust Security & Defense Investment Banking group and to continue providing clients with insightful capital markets, leveraged finance and advisory services,” said Cornell.

Morgan Keegan is one of the only full-service investment banking platforms with a dedicated team of investment bankers and equity research analysts covering the industry. Formed in 2000, Morgan Keegan’s Security & Defense Investment Banking group is among the longest tenured groups in the industry, and the Security & Defense Equity Research team has been recognized on several occasions for the quality of its research.

“Dan’s addition represents a key strategic move for our group and exemplifies Morgan Keegan’s continuing commitment to build the industry’s leading security and defense practice,” said Alper Cetingok, managing director and head of the Security & Defense Investment Banking group. “His arrival allows us to cover the full continuum of companies operating within the commercial security, homeland security, safety, aerospace, defense, space and government services sectors, giving us comprehensive coverage and further solidifying our leadership position.”

About Morgan Keegan & Company, Inc.

Morgan Keegan & Company, Inc., a full-service brokerage and investment banking firm, 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 20 states. Additional information about Morgan Keegan and Regions — a member of the S&P 100 Index — can be found at www.morgankeegan.com and www.regions.com.