Hudson Securities Expands Investment Banking Group With Two Senior Hires

JERSEY CITY, N.J., June 16 /PRNewswire/ -- Hudson Securities, Inc. announced today the expansion of its investment banking division with the appointment of Steve Bonebrake and John Lipman as Managing Directors.  Both Mr. Bonebrake and Mr. Lipman will report to Frank J. Drazka, Head of Investment Banking.

Mr. Bonebrake joins the firm's Corporate Finance Group, where he will leverage his global capital markets and investment banking expertise by focusing on corporate client coverage. Mr. Lipman joins the firm's Private Capital Group, where he will focus on the execution of financings for emerging growth companies through the placement of PIPEs, registered direct offerings and private placements of debt and equity.

"The addition of Steve and John extends our reach in the corporate client community and strengthens our product offerings," commented Mr. Drazka.  "We will continue to add talented professionals whose relationships and depth of experience will add significant value for our clients."  

"Building upon the firm's legacy trading and market making capabilities, Hudson Securities is in a position to capitalize on opportunities and talent in the marketplace to grow our investment banking, equity research and sales & trading teams," stated Anthony M. Sanfilippo, Chief Executive Officer of Hudson Securities.  

Mr. Bonebrake joins Hudson Securities from Pali Capital where he was a Managing Director and led the firm's capital markets initiatives to serve the private placement needs of public companies. Previously, he was a Managing Director and Head of the Equity Capital Markets Group at SMH Capital, Inc., and before that served as Managing Director and Head of the European Technology Group of SG Cowen.  Earlier in his career, Mr. Bonebrake was with Lehman Brothers in Singapore and Hong Kong where he led the firm's investment banking efforts in the TMT sector for Southeast Asia.  He holds a BA in Economics and Art History from Northwestern University and a MBA from Northwestern's Kellogg School of Management.

Mr. Lipman joins from EarlyBirdCapital, Inc., a boutique investment bank serving the small-cap markets, where he was a Managing Director.  Prior to his tenure at EarlyBirdCapital, Mr. Lipman was Founder and Chairman of Carter Securities LLC, an investment bank focused on PIPE transactions in the healthcare, life sciences and technology industries.  He received a BA in Economics from Rollins College in Winter Park, FL.

About Hudson Securities

Hudson Securities, Inc., a subsidiary of Hudson Holding Corporation (OTC Bulletin Board: HDHL), provides a full range of corporate finance, advisory, and capital markets services and institutional equity research focused on the micro-, small- and mid-cap marketplace.  Hudson Securities is dedicated to meeting the liquidity needs of its clients by providing execution solutions and making markets in over 15,000 U.S. and foreign securities.  As a registered broker-dealer under the Securities Exchange Act of 1934, Hudson Securities is a member of the Financial Industry Regulatory Authority ("FINRA").

SOURCE Hudson Securities, Inc.