DALLAS, May 7, 2012 /PRNewswire/ -- Southwest Securities, Inc., the principal broker-dealer subsidiary of SWS Group, Inc. (NYSE: SWS), announced today that Victor "Rick" Perretti has been named Senior Vice President, Director of National Business Development for the firm's taxable fixed income division. Mr. Perretti will serve as manager of the division's New York City office.
Mr. Perretti is an industry veteran with more than three decades of experience in the fixed income wholesale and regional dealer community. He spent 29 years with Merrill Lynch, overseeing dealer sales in North and South America as managing director.
"We are proud to welcome Rick Perretti to Southwest Securities and look forward to his leadership in our national recruiting efforts," said Daniel Leland, Executive Vice President and Head of Taxable Fixed Income for Southwest Securities. "There are very few people in this industry with Rick's depth of professional experience and consistent ability to grow successful sales and trading desks. He has a unique understanding of this business and knows what it takes to develop an effective team. We are very fortunate to have Rick on board as we grow our dealer sales effort across the country."
Mr. Perretti joins Southwest Securities from Advisors Asset Management, where he served as executive vice president and co-head of the firm's institutional fixed income sales and trading initiative. He is a graduate of St. John's University in New York where he earned a bachelor's degree in business administration.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.