STOCK TITAN

FHN Financial Expands Commitment to the Municipal Market

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

FHN Financial has announced key hires to expand its capabilities in the Project Finance sector of the municipal market. The firm has recruited Howard Manning as Managing Director and national lead banker for Project Finance transactions, Stan Rosendahl as Executive Director to expand coverage across sectors nationally, and Alana Zimmerman as Executive Director to work as the lead execution banker for the Project Finance team.

These strategic hires aim to enhance FHN Financial's expertise in specialized municipal sectors, particularly in healthcare. The expansion builds upon recent investments in the Midwest and Northeast regions. Ajay Thomas, Senior Managing Director and Head of Public Finance, expressed excitement about the new team members, stating that they will add depth, structuring expertise, and transaction execution capabilities to the public finance business.

FHN Financial Capital Markets, a division of First Horizon Bank, operates 27 offices across the United States, with Municipal Underwriting and Trading Desks in multiple cities and Public Finance offices in 12 locations.

FHN Financial ha annunciato assunzioni chiave per espandere le proprie capacità nel settore del Project Finance del mercato municipale. L'azienda ha reclutato Howard Manning come Direttore Generale e responsabile nazionale per le transazioni di Project Finance, Stan Rosendahl come Direttore Esecutivo per ampliare la copertura nei vari settori a livello nazionale, e Alana Zimmerman come Direttore Esecutivo per lavorare come banchiere principale per il team di Project Finance.

Queste assunzioni strategiche mirano a migliorare l'expertise di FHN Financial nei settori municipali specializzati, in particolare nella sanità. L'espansione si basa su recenti investimenti nelle regioni del Midwest e del Nord-Est. Ajay Thomas, Direttore Generale Senior e Capo della Finanza Pubblica, ha espresso entusiasmo riguardo ai nuovi membri del team, affermando che contribuiranno ad aggiungere profondità, competenze di strutturazione e capacità di esecuzione delle transazioni all'attività di finanza pubblica.

FHN Financial Capital Markets, una divisione di First Horizon Bank, opera con 27 uffici negli Stati Uniti, con Sale di Sottoscrizione e Trading Municipale in diverse città e uffici di Finanza Pubblica in 12 località.

FHN Financial ha anunciado contrataciones clave para ampliar sus capacidades en el sector de Project Finance del mercado municipal. La firma ha reclutado a Howard Manning como Director General y banquero líder nacional para transacciones de Project Finance, a Stan Rosendahl como Director Ejecutivo para expandir la cobertura en sectores a nivel nacional, y a Alana Zimmerman como Directora Ejecutiva para trabajar como banquera principal del equipo de Project Finance.

Estas contrataciones estratégicas buscan mejorar la experiencia de FHN Financial en sectores municipales especializados, en particular en el sector de la salud. La expansión se basa en inversiones recientes en las regiones del Medio Oeste y Noreste. Ajay Thomas, Director General Senior y Jefe de Finanzas Públicas, expresó su entusiasmo por los nuevos miembros del equipo, afirmando que agregarán profundidad, experiencia en estructuración y capacidades de ejecución de transacciones al negocio de finanzas públicas.

FHN Financial Capital Markets, una división de First Horizon Bank, opera 27 oficinas en los Estados Unidos, con Mesas de Suscripción y Trading Municipal en varias ciudades y oficinas de Finanzas Públicas en 12 ubicaciones.

FHN Financial은 지방 시장의 프로젝트 파이낸스 부문의 역량을 확장하기 위해 주요 인재를 채용했다고 발표했습니다. 이 회사는 프로젝트 파이낸스 거래의 관리 이사인 Howard Manning을, 전국적으로 섹터를 확대할 Executive Director인 Stan Rosendahl을, 그리고 프로젝트 파이낸스 팀의 주요 실행 은행원 역할을 할 Executive Director인 Alana Zimmerman을 영입했습니다.

이러한 전략적 채용은 FHN Financial의 전문성을 특히 의료 분야와 같은 전문 지방 부문에서 강화하는 것을 목표로 하고 있습니다. 이 확장은 미드웨스트 및 노스 이스트 지역에 대한 최근 투자에 기반하고 있습니다. Ajay Thomas 수석 관리 이사 겸 공공 재무 책임자는 새로운 팀 구성원들에 대한 기대감을 표명하며, 이들이 공공 재무 사업에 깊이, 구조화 전문성, 거래 실행 능력을 더할 것이라고 말했습니다.

FHN Financial Capital Markets는 First Horizon Bank의 부서로, 미국 전역에 27개의 사무소를 운영하고 있으며, 여러 도시에서 지방 인수 및 거래 데스크와 12개 위치에 공공 재무 사무소를 두고 있습니다.

FHN Financial a annoncé des recrutements clés pour étendre ses capacités dans le secteur du financement de projets du marché municipal. La société a recruté Howard Manning en tant que Directeur Général et banquier principal national pour les transactions de financement de projets, Stan Rosendahl en tant que Directeur Exécutif pour élargir la couverture au niveau national dans divers secteurs, et Alana Zimmerman en tant que Directeur Exécutif pour agir en tant que banquière principale d'exécution pour l'équipe de financement de projets.

Ces recrutements stratégiques visent à renforcer l'expertise de FHN Financial dans des secteurs municipaux spécialisés, notamment dans le domaine de la santé. L'expansion repose sur des investissements récents dans les régions du Midwest et du Nord-Est. Ajay Thomas, Directeur Général Senior et Responsable des Finances Publiques, a exprimé son enthousiasme à l'égard des nouveaux membres de l'équipe, affirmant qu'ils ajouteront de la profondeur, une expertise en structuration et des capacités d'exécution des transactions à l'activité de finance publique.

FHN Financial Capital Markets, une division de First Horizon Bank, exploite 27 bureaux à travers les États-Unis, avec des bureaux de souscription et de négociation municipale dans plusieurs villes et des bureaux de finances publiques dans 12 localités.

FHN Financial hat wichtige Einstellungen bekannt gegeben, um seine Fähigkeiten im Bereich Projektfinanzierung des kommunalen Marktes auszubauen. Das Unternehmen hat Howard Manning als Geschäftsführer und nationalen Hauptbanker für Projektfinanzierungstransaktionen, Stan Rosendahl als Geschäftsführer zur nationalen Erweiterung der Sektordeckung und Alana Zimmerman als Geschäftsführerin zur Leitung der Ausführung im Projektfinanzierungsteam eingestellt.

Diese strategischen Einstellungen zielen darauf ab, die Expertise von FHN Financial in spezialisierten kommunalen Sektoren, insbesondere im Gesundheitswesen, zu verbessern. Die Expansion baut auf kürzlichen Investitionen in den Midwest- und Nordostregionen auf. Ajay Thomas, Senior Managing Director und Leiter der öffentlichen Finanzen, äußerte sich begeistert über die neuen Teammitglieder und erklärte, dass sie der öffentlichen Finanzwirtschaft Tiefe, Strukturierungsexpertise und Transaktionsdurchführungskompetenzen verleihen werden.

FHN Financial Capital Markets, eine Abteilung der First Horizon Bank, betreibt 27 Büros in den Vereinigten Staaten, mit kommunalen Zeichnungs- und Handelsplattformen in mehreren Städten und Büros für öffentliche Finanzen an 12 Standorten.

Positive
  • Expansion of Project Finance capabilities in the municipal market
  • Hiring of experienced industry professionals to strengthen the team
  • Enhanced expertise in specialized municipal sectors, particularly healthcare
  • Increased coverage across sectors nationally
  • Improved transaction execution capabilities
Negative
  • None.

Insights

FHN Financial's expansion in the municipal market, particularly in Project Finance, is a strategic move that could potentially boost the company's revenue streams. The hiring of experienced professionals like Howard Manning, Stan Rosendahl and Alana Zimmerman brings valuable expertise in specialized areas such as healthcare financing and project finance structuring.

This expansion aligns with the broader trend of financial institutions seeking to diversify their service offerings and capture market share in niche segments. By strengthening its capabilities in project finance and municipal sectors, FHN Financial is positioning itself to better serve issuers with complex financing needs, potentially leading to increased deal flow and fee income.

However, the impact on FHN's overall financial performance may be gradual, as building relationships and securing new business in the municipal market can take time. Investors should monitor future earnings reports for signs of growth in the public finance segment and any mention of significant deals or market share gains resulting from this expansion.

The municipal bond market is a significant sector within the U.S. fixed income landscape, with approximately $4 trillion in outstanding debt. FHN Financial's strategic hires and expanded focus on project finance could position the company to capture a larger slice of this market, particularly in underserved or specialized segments.

The emphasis on healthcare industry expertise is noteworthy, as healthcare remains one of the largest and most active sectors in municipal finance. With an aging population and ongoing healthcare infrastructure needs, this focus could prove lucrative for FHN Financial.

Moreover, the expansion into multiple regions (Midwest, Northeast and existing presence in the South) suggests a national growth strategy. This geographical diversification could help mitigate regional economic risks and provide access to a broader range of municipal issuers and investors.

Investors should watch for FHN Financial's league table rankings in municipal underwriting and any announcements of significant project finance deals in the coming quarters to gauge the success of this expansion strategy.

MEMPHIS, Tenn., Oct. 21, 2024 /PRNewswire/ -- FHN Financial is pleased to announce the Firm's Public Finance Department has made several key hires to expand its capabilities and expertise in the Project Finance sector of the municipal market.  FHN Financial Capital Markets recently hired a recognized team of municipal bankers with specialized expertise servicing most municipal sectors.  These strategic hires build upon the Firm's recent investments in the Midwest and Northeast regions of the country.  New hires include:

  • Howard Manning – Howard Manning, Managing Director, is an industry veteran that serves as the Municipal Products Group's national lead banker for Project Finance transactions, an investment banking role that Manning has held previously for D.A. Davidson, Piper Sandler, and Raymond James.  Manning is based in Chicago and will work with bankers across the country to provide specialized services with a focus in the healthcare industry.
  • Stan Rosendahl – The Firm has also hired Stan Rosendahl, Executive Director, to expand coverage across sectors nationally.  A veteran specialist, Rosendahl brings new capabilities and acumen to FHN Financial's Public Finance banking team.  Rosendahl will join Manning in Chicago.
  • Alana Zimmerman – Also joining FHN Financial's Public Finance department is Alana Zimmerman, Executive Director, who will work closely with FHN Financial's municipal bankers and liaison to the firm's sales team as the lead execution banker for the Firm's Project Finance team.  Zimmerman is based in New York City.

Ajay Thomas, Senior Managing Director and Head of Public Finance, commented, "We are very excited to have Howard, Alana, and Stan join our very capable and talented Public Finance banking team. These strategic hires are complementary to the existing team and align with the long-term vision for Public Finance.  This latest round of hires adds depth, structuring expertise, and transaction execution capabilities to our public finance business that will enable our Firm to service specialized transaction issuers in a segment of the industry that is often left in need of financing options, pricing expertise and investor access." Thomas continued, "We have always excelled at pricing high grade municipal transactions and believe that now with even more specialized expertise, we can offer issuers more innovative solutions to solve financing needs.  I am confident this latest step in our expansion will make FHN Financial an even more formidable solutions provider in the municipal industry."

FHN Financial Capital Markets, headquartered in Memphis, Tennessee, is a division of First Horizon Bank. FHN Financial has 27 offices located across the United States, including Municipal Underwriting and Trading Desks in Memphis, New York, Morristown, and Houston with Public Finance offices in Atlanta, Austin, Charlotte, Chicago, Dallas, Darien (CT), Houston, Memphis, New York City, Scottsdale, Syosset (NY), and Westlake (OH). FHN Financial Capital Markets focuses on issuers and institutional investors through various business lines including public finance, underwriting, sales, and trading of fixed income products, supported by credit and portfolio strategy, economic outlook, and analysis. Information about FHN Financial and its entire offering of products and services can be found at www.fhnfinancial.com.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/fhn-financial-expands-commitment-to-the-municipal-market-302282068.html

SOURCE First Horizon Corporation

FAQ

Who are the key new hires at FHN Financial's Public Finance Department?

FHN Financial has hired Howard Manning as Managing Director and national lead banker for Project Finance transactions, Stan Rosendahl as Executive Director to expand coverage across sectors nationally, and Alana Zimmerman as Executive Director to work as the lead execution banker for the Project Finance team.

What is the focus of FHN Financial's expansion in the municipal market?

FHN Financial is expanding its capabilities and expertise in the Project Finance sector of the municipal market, with a particular focus on specialized services in the healthcare industry.

How many offices does FHN Financial Capital Markets have in the United States?

FHN Financial Capital Markets operates 27 offices across the United States, including Municipal Underwriting and Trading Desks in multiple cities and Public Finance offices in 12 locations.

What is the expected impact of these new hires on FHN Financial's services?

The new hires are expected to add depth, structuring expertise, and transaction execution capabilities to FHN Financial's public finance business, enabling the firm to offer more innovative solutions and better serve specialized transaction issuers.

First Horizon Corporation

NYSE:FHN

FHN Rankings

FHN Latest News

FHN Stock Data

9.23B
535.89M
0.9%
84.54%
1.11%
Banks - Regional
National Commercial Banks
Link
United States of America
MEMPHIS