While many firms have abandoned the municipal market, Morgan Keegan has continued to make significant financial commitments both to underwriting and trading. Our 26 trading and underwriting professionals on our 3 municipal desks average more than 20 years in the business, managing 457 issues worth more than $10 billion in 2008 alone. Local credit markets are monitored by the Memphis headquarters and 2 additional regional desks, providing more timely, more accurate market insight than many other firms.
Combine our trading and underwriting expertise with the professionals from our 29 public finance offices and our investment banking division, and you have one of the most active firms in the nation as an underwriter of municipal bonds.
We can provide more options and more knowledge about a particular issue, from documents to pricing in the secondary market. As a result, everyone you work with from investment banker to broker has credit knowledge of state and local issuers and the types of municipal fixed income product that will achieve the maximum potential for your portfolio.
A Leader in Municipal Securities
According to Thomson Financial, Morgan Keegan ranked as the 10th largest senior manager of competitive long term municipal issues in the nation in 2008. We remain the leading underwriter of municipal issues in the South Central United States for the 15th consecutive year. Among all the underwriters of long-term municipal new issues in the southeast region, Morgan Keegan ranked 3rd in the nation in 2008 by volume, and first in terms of number of issues senior managed.
