Former THDA leader joins Raymond James

'Natural fit' will focus on Tennessee muni issues

Raymond James has hired Ted Fellman, the former executive director of the Tennessee Housing Development Agency, as a senior vice president in its prominent public finance group.

Fellman stepped down as leader of THDA late last year after seven years at the helm. His tenure came under scrutiny last fall when NewsChannel5’s Phil Williams raised questions about the agency’s spending on what it called “employee development.” But Fellman also has been praised by a number of industry pros for THDA’s improved efficiency.

“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,” said Rob Baird, senior managing director and head of Raymond James’ public finance/debt investment banking. “Ted will focus on municipal bond issues in Tennessee and will also be a resource to our national housing group.”

Fellman spent 30 years in state government, 18 of them at THDA. He is a member of the board of directors of Habitat of Humanity of Tennessee and the board of advisors for the College of Public Service and Urban Affairs at Tennessee State University.

Raymond James was the largest underwriter of municipal bonds in Tennessee in the first quarter of this year, according to Thomson Reuters. Last year, the firm ranked ninth nationally, serving as senior manager on 748 issues with a par amount of $12.1 billion.