MEMPHIS, Tenn. (February 3, 2010) — Morgan Keegan & Company, Inc. has announced that Ajay Kasargod has joined the firm as a senior equity analyst following the Enterprise Software sector. Kasargod was formerly a Senior Enterprise Software Analyst at Piper Jaffray.
"Enterprise software is an important component of our equity research efforts and we are pleased to have Ajay back," said Elkan Scheidt, Director of Equity Research for Morgan Keegan. "The technology industry continues to be a focus for our Equity Capital Markets Group. Ajay’s broad knowledge and diverse experience in the tech sector further enhances the level and breadth of services we offer our clients."
Kasargod’s hiring comes less than a year after Morgan Keegan acquired Revolution Partners, a highly-regarded investment banking boutique specializing in mergers and acquisitions and private capital advisory services for the technology industry.
“We are thrilled to have an analyst of Ajay’s caliber re-join Morgan Keegan,” said David Lavallee, co-founder of Revolution Partners and co-head of Morgan Keegan’s technology investment banking team. “Software-as-a-service companies, as well as the more traditional software license models, are very important to Morgan Keegan, and Ajay’s addition further solidifies the firm’s commitment to the middle market technology sector.”
Morgan Keegan’s Equity Capital Markets Group encompasses sales, trading, research and investment banking operations. The group has over 300 employees including sales people, traders, analysts and investment bankers working from institutional offices in Memphis, New York, Boston, Atlanta, Nashville and Houston.
About Morgan Keegan & Company Inc.
Morgan Keegan & Company Inc., one of the nation’s largest regional full-service brokerage and investment banking firms, 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 19 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.
Contact:
Eric Bran
Media Relations
Morgan Keegan & Co.
901.524.4114
