DALLAS, Jan. 22, 2013 /PRNewswire/ -- Southwest Securities, Inc. has announced that Jack Werne has joined the company's taxable fixed income division in Memphis, Tennessee, as Senior Vice President and member of the Financial Institutions Group (FIG).
"Jack's depth of experience and broad knowledge of FIG sales and products will be important assets for our firm as he leads Southwest Securities' taxable sales effort in Memphis," said Daniel Leland, Executive Vice President and Head of Taxable Fixed Income for Southwest Securities. "We are fortunate to have him as part of our growing team."
Mr. Werne served as head of collateralized mortgage obligation (CMO) trading and structuring for Morgan Keegan from 1989 to 2005 after nearly a decade with UMIC Securities Corporation in Memphis. He began his career in 1969 as a municipal bond specialist, underwriting and trading municipal bonds and municipal housing bonds.
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.