BRADENTON, Fla. — Raymond James & Associates Inc. has hired Ted R. Fellman as a senior vice president in the firm's public finance group.

Fellman is a 30-year veteran of state government. He spent the last 18 years at the Tennessee Housing Development Agency, most recently as executive director for seven years. Before that he was chief financial officer for more than five years.

According to Rob Baird, senior managing director and head of public finance and debt investment banking, Fellman is based in the firm's Nashville, Tenn., office.

"Ted's extensive experience in state government, combined with his in depth knowledge of the housing finance sector, is a natural fit with our public finance practice," Baird said in a release. "Ted will focus on municipal bond issues in Tennessee and will also be a resource to our national housing group."

Fellman is a certified public accountant and certified government financial manager.

He has a bachelor's degree from Tennessee Tech University and a master's of public administration from Tennessee State University.

Fellman currently serves on the board of directors for Habitat of Humanity of Tennessee and on the board of advisors for the College of Public Service and Urban Affairs at Tennessee State University.

Raymond James' fixed-income and public finance division is based in downtown Memphis at the former home of Morgan Keegan & Co., which the St. Petersburg, Fla.-based investment bank purchased a year ago.

In the first quarter of this year, Raymond James was the top underwriter of municipal bonds in Tennessee on four issues valued at $289 million, according to Thomson Reuters.

In 2012, the firm was the ninth-leading underwriter nationally serving as senior manager on 748 issues with a par amount of $12.1 billion. The firm was senior manager or co-manager on a total of 1,257 deals last year.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.