Hilltop Holdings fuses broker-dealer services
26 January 2016 Dallas
Image: Shutterstock
Hilltop Holdings has merged its broker-dealer subsidiaries First Southwest Company and Hilltop Securities.
The newly combined firm will operate as HilltopSecurities and remain headquartered in Dallas, Texas.
The new firm will be led by Hill Feinberg (left), former chairman and CEO of FirstSouthwest, who will serve as chairman and CEO of HilltopSecurities, and Robert Peterson, former president and CEO of Southwest Securities, who will serve as president and COO.
Securities lending services will be run by Lisa Palmeri and clearing services will be under Lana Calton.
John Muschalek, formerly head of correspondent clearing and securities lending at FirstSouthwest, will serve as chief administrative officer at HilltopSecurities.
Michael Edge, former CFO of SWS Group, will serve as CFO.
The merger is the culmination of a process that began in January 2015 with Hilltop’s acquisition of Dallas-based SWS Group, the parent company of Southwest Securities.
HilltopSecurities features new branding throughout the organisation, including a new logo and a new website at hilltopsecurities.com.
“The completion of our merger propels us into a future filled with opportunity for our clients, our employees, our company and our community,” said Feinberg.
“We look forward to continuing to serve as trusted advocates for our clients, delivering the guidance, solutions and services they need to help them achieve their definition of success.”
Jeremy Ford, CEO of Hilltop Holdings, added: “We are excited to complete the merger of FirstSouthwest and legacy Southwest Securities, marking an important milestone on our path toward building a leading regional broker-dealer with an expanding national presence,”
“HilltopSecurities’s cohesive leadership team and experienced employees are well-positioned to carry out the strategic vision for the new firm.”
The newly combined firm will operate as HilltopSecurities and remain headquartered in Dallas, Texas.
The new firm will be led by Hill Feinberg (left), former chairman and CEO of FirstSouthwest, who will serve as chairman and CEO of HilltopSecurities, and Robert Peterson, former president and CEO of Southwest Securities, who will serve as president and COO.
Securities lending services will be run by Lisa Palmeri and clearing services will be under Lana Calton.
John Muschalek, formerly head of correspondent clearing and securities lending at FirstSouthwest, will serve as chief administrative officer at HilltopSecurities.
Michael Edge, former CFO of SWS Group, will serve as CFO.
The merger is the culmination of a process that began in January 2015 with Hilltop’s acquisition of Dallas-based SWS Group, the parent company of Southwest Securities.
HilltopSecurities features new branding throughout the organisation, including a new logo and a new website at hilltopsecurities.com.
“The completion of our merger propels us into a future filled with opportunity for our clients, our employees, our company and our community,” said Feinberg.
“We look forward to continuing to serve as trusted advocates for our clients, delivering the guidance, solutions and services they need to help them achieve their definition of success.”
Jeremy Ford, CEO of Hilltop Holdings, added: “We are excited to complete the merger of FirstSouthwest and legacy Southwest Securities, marking an important milestone on our path toward building a leading regional broker-dealer with an expanding national presence,”
“HilltopSecurities’s cohesive leadership team and experienced employees are well-positioned to carry out the strategic vision for the new firm.”
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