Forsman, who has spent 16 years in the financial services industry, was a principal for Sterne Agee. Before that, he was an executive vice president of fixed income at Royal Bank of Canada.
"Tim will enhance our ability to provide institutional clients in the Florida market with fixed income investment solutions necessary to meet their financial goals," said Frank McPartland, Chief Operating Officer at JHS. "As we continue to expand our business across the country, we will keep searching for industry leaders who embody our core values of integrity and putting the best interests of clients first."
Based in St. Petersburg, Fla., Forsman represents institutional clients such as banks, insurance companies, foundations and money managers, and helps them buy and sell fixed income investments that will outperform their benchmarks.
"Although JHS is small by comparison to the large money center banks, my trades here are executed with skill and care that are rare in the industry," Forsman said.
JHS, which was founded in 2009 by John H. Sykes, is a subsidiary of JHS Capital Holdings.