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Morgan Keegan names Ferguson private client group president


Morgan Keegan has named Richard S. Ferguson president of the firm’s private client group division, effective 1 January 2010.

Morgan Keegan’s private client group provides investment and wealth management services through a network of over 1,100 financial advisers in more than 300 locations in 19 states.

Ferguson, an executive managing director and 22-year employee with Morgan Keegan, succeeds James A. Parrish, who is stepping down on 31 December 2009 after ten years as president of the private client group.

Parrish will continue to represent the firm in a recruiting capacity and maintain his advisory practice.

“We are pleased to have Dick take charge of our private client group and lead what we think is the most talented team of financial advisors in our industry,” says John C. Carson, Jr., chief executive officer of Morgan Keegan. “Dick’s long and distinguished career with our firm makes him the perfect choice to succeed Jim Parrish and continue the phenomenal progress Jim has brought to our private client group. We thank Jim for his dedication these last ten years and look forward to his future contributions to the firm.”

Ferguson’s career in financial services began when he joined Morgan Keegan in 1987 as a financial adviser in their Atlanta office. In 1994, Ferguson moved back to his hometown of Athens, Georgia to manage a new branch office. He was promoted to east regional president and named to the firm’s executive committee in 1999.

“I’ve been privileged to have been a part of the Morgan Keegan corporate family throughout my career and feel honored to work with a group of people I have come to view as my extended family,” says Ferguson. “I look forward to the opportunity to lead the private client group to more and greater success in the years ahead.”

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