Press release from GlobeNewswire (a Nasdaq OMX company)
FTN Financial Capital Markets Announces Continued Growth of Municipal Bond Platform
Tuesday, May 28, 2013
FTN Financial Capital Markets Announces Continued Growth of Municipal Bond Platform15:34 EDT Tuesday, May 28, 2013
MEMPHIS, Tenn., May 28, 2013 (GLOBE NEWSWIRE) -- FTN Financial Capital Markets, a division of First Tennessee Bank N.A., announces the addition of four new hires as part of a strategic growth plan. Joe Britt, Vincent Pietanza, Sal Muslim and Billy Thoma have all joined FTN Financial through the continued expansion of its national municipal bond platform.
Joe Britt has joined FTN Financial's public finance department in St. Louis. Britt comes to FTN Financial from Wells Fargo Securities with more than 15 years of experience providing public finance investment banking services to state, local and not-for-profit customers throughout the Midwest. Earlier this year, FTN Financial opened offices in San Antonio and Austin, Texas, as part of the build-out of the public finance department.
Vincent Pietanza, former senior underwriter for UBS, has joined FTN Financial's municipal trading desk in New York to lead the national competitive bid underwriting effort for general market municipal debt.
"Vincent rounds out our underwriting capabilities bringing extensive market knowledge and relationships to the table. He joins our two existing competitive underwriters, who concentrate in other municipal sectors, and seven secondary traders focused solely on municipal bond transactions," said Mike Allen, FTN Financial's Municipal Products Manager.
Billy Thoma, formerly of TD Securities, and Sal Muslim, formerly of Citigroup, have joined FTN Financial's Municipal Sales team in New York. "Both are key hires for our firm, bringing significant institutional municipal sales experience to FTN Financial. We are excited to have them in our firm," says Rod Turner, Director of Sales at FTN Financial.
"This is a very important initiative for FTN Financial," says Michael E. Kisber, President of FTN Financial. "We are excited with the level of enthusiasm and acceptance we have experienced from both municipal investors and issuers so far. We will continue to expand our role in the municipal marketplace on a national basis both organically and through acquisition if opportunities arise."
With a hundred-year history of service in the municipal bond arena, the strength of FTN Financial's platform is its ability to combine the commitment of its capital to the fixed income market with its extensive fixed income distribution network. FTN Financial conducts business with more than 5,500 institutional customers worldwide, including approximately 50 percent of all U.S. banks with portfolios over $100 million. FTN Financial is a capital markets leader in fixed income sales, trading and strategies, with average trading volumes in excess of $5 billion per day. FTN Financial has more than 50 traders and 165 sales representatives located in 21 offices worldwide.
Information about FTN Financial and its entire offering of products and services can be found at www.ftnfinancial.com.
FTN Financial Group, FTN Financial Capital Markets, and FTN Financial Portfolio Advisors are divisions of First Tennessee Bank National Association (FTB). FTN Financial Securities Corp (FFSC), FTN Financial Main Street Advisors, LLC, and FTN Financial Capital Assets Corporation are wholly owned subsidiaries of FTB. FFSC is a member of FINRA and SIPC—http://www.sipc.org/. FTN Financial Group, through FTB or its affiliates, offers investment products and services. FTN Financial is not registered as a Municipal Advisor.
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