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FirstSouthwest Hires Industry Veteran Bill Yancey to Join Growing Dallas Team

DALLAS, Oct. 4, 2012 /PRNewswire/ -- Dallas-based FirstSouthwest, a PlainsCapital Company, is pleased to announce Charles William (Bill) Yancey is joining the team as managing director of clearing and execution services effective September 17, 2012.

Bill is a financial services leader experienced in translating client needs into successful product and marketing strategies. His industry experience includes clearing and execution services, strategy development, total client experience and product marketing.

"A passionate communicator, Bill is committed to building and leading teams to develop innovative products and solutions that create competitive advantage," said FirstSouthwest Chairman and CEO Hill A. Feinberg. "His commitment to personal and professional integrity and to the standard of doing what is right and best makes him a good fit for our senior leadership team."

Bill was most recently president and CEO of Penson Financial Services Inc. where he was responsible for its U.S-based clearing organization. Prior to joining Penson in August 2005, Bill served as President of Automated Trading Desk (ATD), a brokerage services company, where he was responsible for all proprietary and institutional trading as well as the consolidated marketing and sales efforts for their various operations. Prior to ATD, Bill worked at Southwest Securities for 13 years where he was responsible for all equity trading operations, including proprietary market making, institutional portfolio trading, agency retail trading and correspondent execution services.

"Bill is a business builder that brings well-established relationships with many industry partners and clients which will help us expand our suite of products and services," said John Muschalek, vice chairman of FirstSouthwest.

Bill is a past chairman of the Security Traders Association and is currently a third-term trustee to the SIFMA Security Industry Institute at the Wharton School. He serves on the Nasdaq Stock Market listings panel and is a member of National Association of Investment Professionals. Yancey also serves as a director on the board of 6Stones Mission Network, a local nonprofit focused on building a coalition of businesses, churches and other entities to provide solutions and meet the needs of the community.

About FirstSouthwest
FirstSouthwest is a Dallas-based diversified investment bank with 25 offices in 13 states and the District of Columbia and more than 400 employees. Renowned as one of the most respected public finance firms in the country, FirstSouthwest has served as financial advisor on more bond and note transactions in the past ten years than any other firm, ranking No. 1 nationally for nine of the past 10 years according to MuniAnalytics. The firm also offers professional experience in asset management, capital markets, corporate finance, and correspondent clearing. Since its inception in 1946, FirstSouthwest has maintained prominence in the investment banking industry by adhering to its core values of integrity, dedication to hard work and steadfastly putting clients first. Find more information at FirstSW.com.

SOURCE FirstSouthwest, a PlainsCapital Company