Report: Raymond James will keep its bond business in Memphis

Raymond James Financial, the new parent company of Memphis’ own Morgan Keegan & Co., is keeping its fixed income and private client business in Memphis.

That’s according to Raymond James chairman and former president Tom James, who reportedly also has told Memphis Mayor AC Wharton Jr. that the firm will keep its bond business in the city. (Hat tip to Reuters).

James also has said the company will “maintain and possibly expand a client support center – including compliance and operations support – for the advisory’s private client group in Memphis,” according to Reuters.

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