Memphis-based  brokerage Duncan-Williams has hired Ed Brundick as managing director and head of its private client group.

In 2009, the firm established a 500@50 initiative, aiming to reach annual revenue of $500 million by its fiftieth anniversary in 2019. Brundick's role will be to oversee a build-out of the private client group's full-service financial advisory platform.

"While we have already experienced success during the first phase of our expansion, we are poised for exponential growth in our private client group," said Demetri Patikas, executive vice president, who heads the firm's corporate strategies group.

Brundick began his career at Morgan Keegan as an associate attorney for regulatory affairs. He was subsequently promoted to senior vice president and director of operations, reporting, compliance and technology for the wealth management services division of Morgan Keegan's private client group.

Duncan-Williams is a full-service brokerage and investment banking firm providing financial solutions to retail and institutional organizations in 50 states and 11 foreign countries.