Raymond James (RJF) set up the leadership team for Raymond James Morgan Keegan’s fixed-income and capital markets group on Tuesday, following the wrap-up on Monday of the firm’s acquisition of Morgan Keegan. The firm cut 218 jobs as part of the reorganization.
The group will be led by John Carson Jr., former CEO of Morgan Keegan. Kevin Giddis, previously president of fixed-income capital markets for Morgan Keegan, will lead the fixed-income unit for the new entity.
Another former Morgan Keegan executive, Robert A. Baird, is set to serve as head of public finance. James Sickling, who has led the institutional taxable fixed-income trading desk at Raymond James since 1993, is now the fixed-income COO.
“I am pleased with the leadership team that has resulted from our integration efforts,” said Raymond James CEO Paul Reilly (left), in a press release. “I’m confident that the combination of our two firms will grow an even more formidable franchise.”
Carson was appointed CEO of Morgan Keegan & Co. in March 2008, after joining the firm in 1994. Giddis came to Morgan Keegan in 1998 to lead its retail fixed income trading desk, and Baird joined the firm in 1979 as a public finance investment banker.