FHN Financial Enhances Brokered CD Services with New Expertise

FHN Financial Expands Brokered CD Capabilities

FHN Financial, a prominent capital markets firm based in Memphis, Tennessee, has recently made significant strides in enhancing its services related to Brokered Certificates of Deposit (CDs). This development comes with the hiring of two seasoned industry experts, Matt Lephardt and Ryan Foppoli, who take on roles as Senior Vice Presidents of CD Underwriting and Trading. Their extensive experience, with billions of dollars in CD transactions to their credit over the last 20 years, is expected to significantly strengthen FHN Financial's positioning in the competitive funding landscape.

A Stronger Underwriting and Trading Desk

The establishment of the new Brokered CD Underwriting and Trading desk is a strategic move designed to bolster FHN Financial’s capabilities. This new desk is not only focused on improving the accessibility of cost-effective funding solutions for depository institutions but also leverages FHN’s broad distribution network and robust balance sheet resources.

Matt Lephardt highlights the importance of the brokered CD market in enabling institutions to secure stable and flexible funding amid intense competition. According to him, FHN Financial’s existing strong customer relationships, combined with their profound balance sheet expertise, will equip institutions to fine-tune their funding strategies. With this new addition, the firm looks to enhance market access and ensure thoughtful structuring and superior service.

Enhanced Service Offerings

The recently launched CD Underwriting and Trading desk complements FHN Financial’s extensive depository platform, which encompasses various services including sales and trading, portfolio strategies, derivatives, and balance sheet solutions. This comprehensive approach allows FHN to address specific needs within the depository sector, reinforcing its commitment to providing tailored funding solutions.

Tim Romanow, the President of FHN Financial, emphasizes that this expansion will not only allow them to meet the customized funding needs of their clients more effectively but also strengthen the firm's position in the market. The initiative signifies an ongoing commitment to innovation and excellence in financial services, particularly in an area that has proven essential for many institutions.

About FHN Financial

FHN Financial is recognized as a leading capital markets firm that caters to a diverse range of institutional, municipal, and corporate clients across the globe. As a division of First Horizon Bank, the firm effectively blends extensive enterprise-level resources with specialized industry expertise. This allows them to offer a comprehensive suite of fixed income products, strategies, services, and solutions for balance sheet management. For more information about FHN Financial and its offerings, visit fhnfinancial.com.