Kaye/Bassman's Tim White Quoted in Investment Times, "Morgan Keegan's 1,200 reps are waiting to see if parent bank Regions can find a buyer"

FOR IMMEDIATE RELEASE:

Kaye/Bassman's Tim White Quoted in Investment Times, "Morgan Keegan's 1,200 reps are waiting to see if parent bank Regions can find a buyer"

Dallas, Texas, 8/11/2011: Morgan Keegan's 1,200 reps are waiting to see if parent bank Regions can find a buyer

The most valuable asset remaining at Morgan Keegan is likely to be its retail-brokerage sales force, which is concentrated in the Southeast. Goldman's ability to find a buyer for the firm in large part may depend on how Morgan Keegan reps react to overtures from executive recruiters over the next few weeks. A spokesman for Morgan Keegan said that the company doesn't disclose information about retention strategies. Morgan Keegan advisers have been a very loyal bunch for most of the firm's 41-year history, recruiters said.

“The brokers have a strong connection to their managers.” Tim White, managing partner at Kaye/Bassman International Corp., agrees, though he is working with several Morgan Keegan advisers. “This is really a shame,” he said. “The advisers have stayed because they like the firm and they like the people who run it.” Their loyalty is going to be tested as the recruiting calls pick up.

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About Kaye/Bassman

Founded in 1981, Kaye/Bassman has grown to become the largest single-site executive search and recruitment firm in the United States with the simple mission of impacting companies and enhancing careers by providing the finest in professional, executive, technical and scientific search. Kaye/Bassman provides strategic recruiting and executive search solutions in over 20 industry practice areas including construction recruiting, healthcare recruiting, banking executive search, energy recruitment and many more.  Next Level Recruiting Training, a recruiting training organization, Next Level Exchange, a recruiting training best practices information exchange, and Next Level Marketing Communications are also Kaye/Bassman companies.

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Darren McDougal
Kaye/Bassman International
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Source:  http://www.investmentnews.com/apps/pbcs.dll/article?
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