HILLTOP SECURITIES - Key Persons
Job Titles:
- Co - Head of Fixed Income Capital Markets
A.J. Maggio has more than 20 years of experience in financial services, eight of which have been with HilltopSecurities. Prior to his role as co-head of fixed income capital markets, he served as managing director, national taxable sales manager.
Career Highlights
Over 20 years of experience in financial services
Job Titles:
- Chairman of the Board
- Fixed Income Municipal Executive
Job Titles:
- Chief Executive Officer
- President
Job Titles:
- General Counsel
- Executive Managing Director and General Counsel for HilltopSecurities
As Executive Managing Director and General Counsel for HilltopSecurities, Mr. Wittneben advises the board of directors, senior management, all affiliates and departments on legal, corporate and regulatory issues, including corporate governance, securities transactions, regulatory actions, litigation, employment issues, and legal strategy.
Career Highlights
Joined HilltopSecurities in 2004
Previously served as associate in the corporate/securities practice group of Haynes and Boone, LLP, where he represented clients in mergers and acquisitions involving public and privately held entities, public and private offerings, SEC compliance and general corporate governance issues.
Job Titles:
- Chief Administrative Officer
As the Chief Administrative Officer, Ms. Graca oversees various administrative and functional areas, for HilltopSecurities. Through various projects and programs, her role is to drive business strategy and to promote a performance-driven culture through enhanced communication and collaboration across the organization.
Career Highlights
Joined Hilltop Securities in August 2020
Job Titles:
- Senior Managing Director and Head of Structured Finance Strategy and Analytics
As Senior Managing Director and Head of Structured Finance Strategy and Analytics, Mr. Sheppard oversees the TBA Housing & Commodities efforts. His focus also includes partnering with leaders across the firm on new business development and strategic growth initiatives.
Career Highlights
Joined HilltopSecurities in 2009
Job Titles:
- Chief Operating Officer
- Chief Operating Officer of HilltopSecurities
As Chief Operating Officer of HilltopSecurities, Mr. Holleran is responsible for overseeing the work of the operations groups, managing enterprise-wide prioritization of key initiatives and business optimization.
Career Highlights
Joined HilltopSecurities in 2019
Job Titles:
- Co - Head of Public Finance
As Co-Head of Public Finance, Mr. Medanich oversees the firm's municipal advisory and underwriting services. He also manages the firm's Municipal Cash Management department, which assists municipalities with the investment of public funds - including operating funds and bond proceeds - and performs arbitrage rebate calculations.
Career Highlights
Has worked exclusively in the Municipal Finance department of HilltopSecurities, formerly First Southwest Company, since 1981
As Chairman Emeritus of HilltopSecurities, Mr. Feinberg provides strategic counsel to HilltopSecurities' Board of Directors. He maintains long-held relationships with clients and industry associations. Mr. Feinberg also serves on the Board of Directors for Hilltop Holdings.
Career Highlights
Served as chairman and CEO of HilltopSecurities from January 2016 to February 2019
Job Titles:
- Co - Head of Fixed Income Capital Markets
Mr. Lisec is responsible for fixed income trading including all trading risk.
Career Highlights
Joined HilltopSecurities in 2009
Job Titles:
- Head of Wealth Management and President of Momentum Independent Network
As Head of Wealth Management and President of Momentum Independent Network, Mr. Muschalek oversees the firm's private client group, independent advisor network, securities lending, and clearing services businesses.
Career Highlights
Mr. Muschalek has been with the firm since 1992
Job Titles:
- Chairman
- Chairman of the Board of Directors for HilltopSecurities
Mr. Sobel is the chairman of the Board of Directors for HilltopSecurities. He also serves as an advisor to the CEO & Chairman of HilltopSecurities' parent company, Hilltop Holdings. Mr. Sobel also serves on the Board of Directors for Hilltop Holdings.
Career Highlights
Managing Member of DTF Holdings, LLC
Job Titles:
- Head of Fixed Income Strategy and Analytics
- HilltopSecurities in 2021 As Head of Fixed Income Strategy and Analytics
Justin Hoogendoorn joined HilltopSecurities in 2021 as Head of Fixed Income Strategy and Analytics and is responsible for guiding the development of relative value investment strategies for institutional clients, including yield curve analysis, sector/security trends, and strategic outlooks. Hoogendoorn integrates sector and macro expectations with client objectives and constraints to create customized portfolio and issuer strategies. He has appeared on CNBC and Bloomberg, and is periodically quoted in Bloomberg, the Bond Buyer, Dow Jones Newswires, and Reuters. Prior to joining Hilltop, Hoogendoorn led strategy and analytics at Piper Sandler, having formed the Strategic Analytics Group in October 2003 for BMO GKST, and he previously served as a fixed income portfolio manager with Northern Trust from 1995 to 2003. He holds a master's degree in Business Administration from the University of Chicago, Booth School of Business, with a concentration in Finance and a bachelor's degree from Calvin University in Michigan.
Job Titles:
- Executive Managing Director and Head of Clearing of HilltopSecurities
- Head of Clearing & Head of Stock Loan
As the Executive Managing Director and Head of Clearing of HilltopSecurities, Ms. Calton is responsible for the management and growth of the firm's broker-dealer and RIA correspondent relationships, as well as driving the firm's product and service offerings. She actively represents HilltopSecurities in the clearing and custody initiatives within the industry.
Career Highlights
Currently serves on the firm's Executive, Operating, Margin & Credit, New Product, Conflict and Product Strategy Committees
Spent her entire career at HilltopSecurities, first joining the firm as a college intern
Prior to joining the Clearing division in 1997, Calton held various roles in Wealth Management Operations, Trading, and Product Development
Melinda Fleming leads the human resources functions for HilltopSecurities, including strategy, workforce and compensation planning, talent development, culture initiatives, and organizational design. She joined HilltopSecurities' parent company, Hilltop Holdings, in 2017 after more than 21 years in human resources at Neiman Marcus.
Career Highlights
Joined Hilltop Holdings in 2017 as Director of Human Resources supporting the build-out of the shared service support model
Job Titles:
- Co - Head of Public Financ
- Co - Head of Public Finance
Career Highlights
Industry veteran with deep experience in municipal advisory and municipal structured finance
As Chief Financial Officer, Mr. Edge oversees the firm's accounting, finance, and treasury efforts.
Career Highlights
Certified Public Accountant with more than 20 years of experience in the financial services industry
Prior to the merger of Southwest Securities (SWS) and FirstSouthwest, served as SWS Group's chief financial officer and treasurer where he played an integral role in finance and investor relations functions
Education
B.B.A. in Finance, Texas Christian University
Job Titles:
- School of Business Alumni Executive Board
Job Titles:
- Head of Public Policy and Municipal Strategy
As Head of Public Policy and Municipal Strategy, Kozlik advises the firm's businesses and clients on strategies related to U.S. public policy, public finance, and infrastructure. He publishes regular commentary that provide insight into current trends affecting these themes across a variety of sectors and geographic regions. Kozlik is frequently featured in print, digital, and broadcast news segments and regularly offers his expertise as a keynote speaker and panelist at industry conferences and events across the country.
Tom Kozlik joined HilltopSecurities in 2019, bringing more than two decades of experience to his role. Kozlik is a nationally recognized public policy analyst and investment strategist who brings unique insights to his commentary and analysis of public policy and market trends, opportunities, and challenges. Smith's Research and Gradings has included him in both the generalist and sell side director of research categories of its Municipal All-Star Team. He also has been voted to Institutional Investor's All-America Fixed Income Research Team and Greenwich Associates named him one of the Most Helpful Analysts in Municipal Bonds. In addition, Kozlik has taught graduate-level public finance courses at the University of Pennsylvania's Fels Institute of Government, where he earned a master's degree in Government Administration.
Job Titles:
- Head of Municipal Credit
- HilltopSecurities in 2021 As Senior Managing Director and Head
Yaffa Rattner joined HilltopSecurities in 2021 as Senior Managing Director and Head of Municipal Credit. Rattner serves as the chair of the firm's underwriting and credit committee and works collaboratively with banking teams and diverse investor groups to create unique capital funding solutions that enhance security structure to maximize investor and issuer outcomes. Rattner has expertise in the high yield sector including senior living, charter schools, and special districts. Prior to joining Hilltop, Rattner spent 13 years as Managing Director and Head of Municipal Credit at Piper Sandler and 12 years at Moody's Investor Service where she was Senior Vice President, Senior Rating Committee member, and Manager of a credit team. In 2021, Rattner was elected to Smith's Research and Gradings' Municipal Analysts' All Star Team for the fifth consecutive year. Rattner holds a bachelor's degree from Barnard College of Columbia University and a master's degree with a concentration in Public Finance from Columbia University.