BRADENTON, Fla. — Atlanta-based Jackson Securities LLC named W. Bruce Gow president and interim chief executive officer.
Gow was tapped Friday to head the minority-owned firm but his appointment was not announced publicly until late Monday by the firm's parent company, Atlanta Life Financial Group.
The change in command at Jackson Securities follows the resignation of Reuben R. McDaniel, which was announced Monday.
Jackson's board of managers has initiated a national search for a new CEO that is expected to take three to six months, according to Donald Smart, general counsel and secretary of Atlanta Life.
With nearly 14 years of tenure at Jackson Securities, "Mr. Gow is quite familiar with operations and should provide excellent continuity" as interim CEO, Smart said. "We're fortunate he was on deck and can step right in."
Gow is expected to be among the candidates considered for the permanent position, Smart added.
Most recently, Gow was chief product officer and managing director of public finance. His replacements in those positions were not immediately available.
Gow joined the firm as senior investment banker in 1997 and served as chief operating officer from 2001 until 2008. He has more than 24 years of experience in investment banking and financial consulting services to municipal bond issuers, according to Atlanta Life's website.
Before joining Jackson Securities, he managed the Atlanta public finance department at NationsBank, where he focused on tax-exempt bond issuers in the Southeast.
Gow's investment-banking career started in 1980 in the public finance department of E.F. Hutton & Co. in New York.
He received a bachelor's degree in economics from the University of North Carolina at Chapel Hill.
McDaniel, 48, had been CEO of the investment banking firm since 1999. It was established 12 years earlier by Maynard H. Jackson, who was mayor of Atlanta from 1974 to 1982.
Jackson died in June 2003.
McDaniel resigned to pursue other opportunities in the area of public finance and financial business services, his spokesman said. He is expected to make an announcement by Labor Day regarding his next venture.
Jackson Securities merged with Chicago-based, minority-owned Berean Capital in 2005. It was acquired by Atlanta Life in 2007.
Jackson was the sixth-largest minority-owned co-manager last year, according to Thomson Reuters.
