KeyBanc Capital Markets (KBCM), the corporate and investment banking arm of Cleveland-based KeyCorp, added two industry veterans to its fixed income sales and strategy team: Rick Turnage and Rob Bonds.
Turnage, who joined as a managing director, will lead a middle-market-investor-focused sales effort. Bonds, who joined as a director, is a middle-market analyst and will lead a fixed income strategy group. They will both be responsible for expanding the firm’s middle-market client base with a focused middle-market sales effort. Turnage and Bonds are based in Denver and will report to Brian Brennan, managing director and national head of fixed income and derivatives for KBCM.
“We continue to grow our fixed income platform and capabilities with professionals that bring different areas of expertise,” Brennan said. “Our focus on the top tier investors have afforded us strong distribution in support of our primary issuance in investment grade and high yield credit, agency and private label commercial real estate and municipals. It is natural for us to expand into the middle market investor space.”
Turnage has more than 25 years of experience and investor relationships in the middle-market space, most recently as the fixed income capital markets sales manager and managing director with D.A. Davidson Companies. Prior to that, he spent time with Kirkpatrick Pettis and National Bank of Commerce in various sales and trading roles.
Bonds has nearly 20 years of experience working with middle-market depository institutions, credit unions, insurance companies and RIAs. Most recently, Bonds was the head of depository strategy and vice president at D.A. Davidson Companies. Prior to that, he spent time in depository strategy at Wells Fargo Securities. He also spent time with Sandler O’Neill & Partners and at Colonial Bancgroup, which is now Truist Financial.
