Southwest Securities' Taxable Fixed Income Division Welcomes George Smith as MBS, ABS, CMBS Trading Manager

DALLAS, June 25, 2013 /PRNewswire/ -- Southwest Securities, Inc. announced today that George Smith has joined the company's taxable fixed income division as Senior Vice President in New York City where he will manage mortgage-backed securities (MBS), asset-backed securities (ABS), and commercial mortgage-backed securities (CMBS) trading.

Mr. Smith is a 31-year veteran in the industry who joins Southwest Securities, Inc. from Gleacher & Company Securities where he was Managing Director, Head of MBS/ABS/Rates Trading and Structured Finance.

"Southwest Securities continues to grow our taxable fixed income sales and trading business by recruiting the most talented industry professionals, and we are privileged to welcome George Smith to our team," said Daniel Leland, Executive Vice President and Head of Taxable Fixed Income for Southwest Securities. "We look forward to the benefit of his strong leadership and depth of experience as we expand our MBS, ABS and CMBS business."

Mr. Smith began his career with Merrill Lynch and Co. where he became Head of ABS Trading. He has also led the ABS trading businesses of Greenwich Capital Markets, Bear Stearns, and HSBC Securities – USA. Prior to joining Gleacher & Company, Mr. Smith was Managing Director, Head of MBS/ABS Trading and Structured Finance at Cantor Fitzgerald.

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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