In recent weeks, it sometimes has seemed that Duncan Williams is never in one place for too long.
Almost as soon as the president of Memphis-based investment firm Duncan-Williams Inc. has settled back into the swing of things after returning from one trip, he’s boarding a plane for the next. And that pattern doesn’t look like it will slow down anytime soon, given that the firm has been opening offices around the country at a steady clip.
A few days ago, Duncan-Williams – a full-service brokerage and investment banking firm that serves retail and institutional organizations in 50 states and 11 foreign countries – announced the addition of two new offices and a few new investment bankers.
Duncan-Williams has opened new offices in Dallas and in Nashville and has added to the bench strength of its Birmingham, Ala., office. Dallas is home to a new public finance office for the firm, and it’s opened an investment banking office in Nashville.
Rick Coad has joined the firm in Birmingham as vice president. Previously, he served as a senior vice president for Raymond James | Morgan Keegan and AmSouth Bank. At Duncan-Williams, he’ll be focused on business opportunities in Indiana, Alabama and parts of Tennessee.
Memphis-based investment firm Duncan-Williams Inc. has added two new offices and a few investment bankers.
“Rick’s experience and banking contacts will complement the existing capabilities in our Alabama office and will help us further our expansion in the Southeast,” said Kevin Ogilby, executive vice president and head of investment banking for Duncan-Williams.
Joining the public finance office in Dallas are Brit Stock and Karl Biggers, vice president and managing director, respectively. They joined Duncan-Williams in May, coming from M. R. Beal & Co. in Dallas.
Stock has more than seven years of investment banking experience and Biggers has more than 20 years of investment and commercial banking experience.
Ogilby said Duncan-Williams sees these hires as an opportunity to expand the firm’s investment banking platform into Texas’ large and diverse market.
The firm has already been heavily active there, however. Since 2000, Duncan-Williams has participated in 225 public finance transactions in Texas totaling nearly $9 billion. The firm also has served as senior manager or co-manager on nine negotiated transactions totaling more than $375 million since 2008.
Meanwhile, the firm also has opened an investment banking office in Nashville, where Dave Meagher joined the firm as director of health care investment banking.
Meagher has more than 16 years of experience in health care and investment banking, and prior to joining Duncan-Williams he worked in the Nashville office of Raymond James | Morgan Keegan, where he focused on medical technology and life sciences.