Southwest Securities, Inc. Names Pho Phimvongsa as Head HEQ Trader

DALLAS, May 10, 2011 /PRNewswire/ -- Southwest Securities, Inc. today announced that Pho Phimvongsa has been named Vice President and head HEQ trader in the firm's taxable fixed income division.

Mr. Phimvongsa joined Southwest Securities' New York office in September of 2010. In his new role, he will continue reporting to Senior Vice President and head of ABS/CMBS trading, Patrick McCarthy.

Mr. McCarthy took the helm of ABS/CMBS trading at the firm in May of 2010 and added trading associate John Draiss to the department in February of 2011. In addition, the Southwest Securities ABS/CMBS trading team includes Consumer ABS trader John Kemnitzer, located in the firm's Chicago office.

"For several years we have successfully expanded our asset-backed and commercial mortgage-backed securities sales and trading business," said Daniel Leland, Executive Vice President and Head of Taxable Fixed Income for Southwest Securities. "As we continue this growth, we welcome the contributions of Pho and the other experienced professionals on our ABS/CMBS team."

Southwest Securities, Inc., a member of NYSE, FINRA and SIPC, provides securities brokerage, investment banking and securities clearing services to a broad range of individual, corporate, public and industry clients. The firm is a wholly owned subsidiary of SWS Group, Inc. (NYSE: SWS), a financial services holding company whose stock is listed and traded on the New York Stock Exchange under the symbol, SWS.

SOURCE Southwest Securities, Inc.

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