Hudson Securities Opens Cleveland Office; Expands Equity Research Sales Effort With Two Senior Hires

Jun 03, 2010, 12:33 ET from Hudson Securities, Inc.

CLEVELAND and JERSEY CITY, N.J., June 3 /PRNewswire-FirstCall/ -- Hudson Securities, Inc. announced today the opening of a new office in Cleveland and the addition of two senior professionals to its established equity research sales team.  Dan Hyland joins as a Managing Director and Eric Smith joins as a Senior Vice President.  

Mr. Hyland and Mr. Smith will assist with expanding the geographic presence of Hudson Securities' equity research sales team.  Together, they bring more than 25 years of experience serving institutional accounts based in the Midwest, mid-Atlantic and Southeast regions, as well as in Texas.

As part of the firm's strategy to expand its equity research team, the additions of Mr. Hyland and Mr. Smith will help support the growth of Hudson Securities' integrated platform and bring short- and long-term investment opportunities to institutional investors.  Currently, Hudson Securities' research team includes five analysts providing coverage of nearly 50 companies.  The firm plans to add at least five more analysts and provide coverage of 150 stocks by the end of 2010.

"Opening an office in Cleveland aligns with our continued effort to seek quality talent to augment our trading, research and sales teams," stated Anthony M. Sanfilippo, Chief Executive Officer of Hudson Securities.  "Through Dan's and Eric's strong relationships and expertise, investors across several regions will have access to the insights and ideas of our growing research product."

Prior to joining Hudson Securities, Mr. Hyland founded and served as President of Hyland Investor Services, Inc., which provides institutional investors based in the Midwest with corporate access to management teams of small-cap companies.  He previously spent 16 years at KeyBanc Capital Markets Inc. (formerly McDonald Investments Inc.), where he served as a Senior Vice President in Institutional Equity Sales covering the Midwest.  Mr. Hyland holds a BS in Business Administration from the University of Dayton.

Mr. Smith joins Hudson Securities from KeyBanc Capital Markets Inc. where he was a Director in Institutional Equity Sales.  During his 10 years at KeyBanc, Mr. Smith covered several top-tier institutional accounts in the mid-Atlantic and Southeast regions of the U.S., as well as in Texas and Canada. Mr. Smith holds a BS in Finance from Miami University of Ohio.

Mr. Hyland and Mr. Smith report to Michael Boehm, Managing Director of Hudson Securities' Research Sales team, based in Chicago.

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").

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SOURCE Hudson Securities, Inc.