MEMPHIS, Tenn., Oct. 4, 2010 (GLOBE NEWSWIRE) -- Executives of First Horizon National Corp. (NYSE:FHN) have announced plans for changes in the leadership of the company's FTN Financial capital markets group. Frank Gusmus, 56, FTN Financial's current president, will pass his title of president on Jan. 1, 2011, to Michael Kisber, 51, executive vice president and director of fixed income capital markets at FTN Financial, subject to board approval later this month. Gusmus will assist with the transition and retire on March 31, 2011.
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Since 2007 First Horizon National Corp. has refocused on its capital markets and regional banking businesses. "FTN Financial is an important part of our business mix, and under Frank's leadership the employees at FTN Financial have contributed to the success of our restructuring," said Bryan Jordan, First Horizon CEO. Gusmus partially retired from FTN Financial but was tapped to lead the group in 2008. "We very much appreciate the leadership that Frank has provided during some challenging times for our industry," said Jordan. "We're pleased that he will help with the transition as Michael continues the tradition of experienced and respected leadership for the great employees at FTN Financial."
"Working with the great team at FTN Financial has been an honor for me," said Gusmus. "What I said when I started as president is still true today: FTN Financial is in an excellent position to excel even further as one of the nation's most highly regarded capital markets businesses."
Kisber earned a marketing degree with a concentration in sales from the University of Memphis. He joined FTN Financial in 1993 as a salesman and was promoted to sales manager in 2006.
About First Horizon
The 5,500 employees of First Horizon National Corp. (NYSE:FHN) provide financial services through more than 180 bank locations in and around Tennessee and 18 FTN Financial Group offices in the U.S. and abroad. First Tennessee has the leading combined market deposit share in the 17 Tennessee counties where it does business and one of the highest customer retention rates of any bank in the country. FTN Financial is an industry leader in fixed income sales, trading and strategies for institutional clients in the U.S. and abroad. FHN has been recognized as one of the nation's best employers by AARP and Working Mother magazines. More information can be found at http://www.fhnc.com/">www.fhnc.com.
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