Hilltop Holdings Inc. (NYSE: HTH) today named David E. Geschke as CEO of
SWS Financial Services and Director of Retail for Southwest Securities.
The two companies became part of Hilltop Holdings earlier this year with
its acquisition of SWS Group, Inc., a provider of a broad range of
investment and financial services. Geschke will report directly to
Southwest Securities CEO Robert W. Peterson.
Geschke began his career as a financial advisor and has more than 28
years of experience in the investment and financial services industry,
including senior field and back office roles at H&R Block Financial
Advisors and Ameriprise Financial.
As director of Southwest Securities’ retail brokerage operations,
Geschke will play a key role in the company’s growth plans. The firm is
currently in the process of integrating with First Southwest, a
diversified broker-dealer in Hilltop Holdings’ family of companies. SWS
Financial Services will be an integral part of the future combined
organization.
“Dave Geschke has a proven track record as an innovative, strategic
manager and is well-regarded for his strong, hands-on leadership,”
Peterson said. “We are committed to growing Southwest Securities’ retail
business, and following our integration with First Southwest we will be
positioned to be the premier broker-dealer headquartered in the
Southwest.”
“I am excited about the opportunity to lead Southwest Securities’ retail
group,” Geschke said. “The folks I have met are energized and excited
about the opportunity to build a first class regional presence in the
Southwest. As part of Hilltop Holdings Inc., I am confident we can drive
this group to new levels of productivity and growth to further serve our
client base.”
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause Hilltop’s actual results,
performance or achievements to be materially different from any expected
future results, performance or achievements. Forward-looking statements
speak only as of the date they are made and, except as required by law,
Hilltop does not assume any duty to update forward-looking statements.
Such forward-looking statements include, but are not limited to,
statements about the future financial and operating results, Hilltop’s
plans, objectives, expectations and intentions and other statements that
are not historical facts. The following factors, among others, could
cause actual results to differ from those set forth in the
forward-looking statements: (i) risks associated with merger and
acquisition integration; (ii) our ability to estimate loan losses; (iii)
changes in the default rate of our loans; (iv) risks associated with
concentration in real estate related loans; (v) our ability to obtain
reimbursements for losses on acquired loans under loss-share agreements
with the Federal Deposit Insurance Corporation; (vi) changes in general
economic, market and business conditions in areas or markets where we
compete; (vii) severe catastrophic events in our geographic area; (viii)
changes in the interest rate environment; (ix) cost and availability of
capital; (x) changes in state and federal laws, regulations or policies
affecting one or more of our business segments, including changes in
regulatory fees, deposit insurance premiums, capital requirements and
the Dodd-Frank Wall Street Reform and Consumer Protection Act; (xi) our
ability to use net operating loss carry forwards to reduce future tax
payments; (xii) approval of new, or changes in, accounting policies and
practices; (xiii) changes in key management; (xiv) competition in our
banking, mortgage origination, broker-dealer and insurance segments from
other banks and financial institutions, as well as insurance companies,
mortgage bankers, investment banking and financial advisory firms,
asset-based non-bank lenders and government agencies; (xv) failure of
our insurance segment reinsurers to pay obligations under reinsurance
contracts; and (xvi) our ability to use excess cash in an effective
manner, including the execution of successful acquisitions. For more
information, see the risk factors described in the Annual Report on Form
10-K for the year ended December 31, 2014 and other reports filed with
the Securities and Exchange Commission.
About Hilltop
Hilltop Holdings is a Dallas-based financial holding company. Through
its wholly owned subsidiary, PlainsCapital Corporation, a regional
commercial banking franchise, it has two operating subsidiaries:
PlainsCapital Bank and PrimeLending. Under Hilltop Securities Holdings
LLC, First Southwest, Southwest Securities and SWS Financial Services
provide a full complement of securities brokerage, institutional and
investment banking services in addition to clearing services and retail
financial advisory. Through Hilltop Holdings’ other wholly owned
subsidiary, National Lloyds Corporation, it provides property and
casualty insurance through two insurance companies, National Lloyds
Insurance Company and American Summit Insurance Company. As of January
1, 2015, Hilltop employed approximately 5,300 people and operated
approximately 450 locations in 44 states. Hilltop's common stock is
listed on the New York Stock Exchange under the symbol HTH. Find more
information at hilltop-holdings.com,
plainscapital.com,
firstsw.com,
swst.com,
primelending.com
and natlloyds.com.
Copyright Business Wire 2015