ATLANTA -- Bond veteran Ralph Horn has been named president and chief operating officer of First Tennessee National Corp., parent to First Tennessee Bank.
With his promotion, which the Memphis-based bank holding company announced yesterday, Mr. Horn will take over the responsibilities previously held by Ronald Terry, who will remain as chairman and chief executive officer of First Tennessee National Corp.
"Ralph is nationally recognized and respected for his leadership skills and his business expertise," Mr. Terry said in a statement yesterday. "In his new position, his outstanding abilities will benefit the entire First Tennessee organization."
Mr. Horn had been with First Tennessee Bank for 28 years, working in the bank's bond area since he graduated from college in 1963. He was named manager of the bond division in 1976, and an executive vice president of the bank in 1985.
Under his management, the bond division became one of the largest bank dealer departments in the country, finishing in the top 10 amond dealer banks in gross revenues in seven of the last 10 years, according to First Tennessee.
Mr. Horn is also chairman of the Public Securities Association, and is now the first bank holding company president to have headed the PSA, according to Heather Ruth, the Public Securities Association's president.
The Mississippi native has also been chairman of the Municipal Securities Rulemaking Board and a board member and chairman of the legislative committee of the Dealer Bank Association.
First Tennessee Bank has named Jim Hughes to replace Mr. Horn as the new executive vice president and manager of the bond division. Mr. Hughes was previously a senior vice president and sales manager for the division.