Southwest Securities' Taxable Fixed Income Division Welcomes Joseph M. Tamburo to Lead U.S. Agency Trading

Southwest Securities' Taxable Fixed Income Division Welcomes Joseph M. Tamburo
                         to Lead U.S. Agency Trading

PR Newswire

DALLAS, Aug. 21, 2013

DALLAS, Aug. 21, 2013 /PRNewswire/ -- Southwest Securities, Inc. announced
today that Joseph M. Tamburo has joined the company's taxable fixed income
division in New York City as Senior Vice President, Head of U.S. Agency
Trading.

Mr. Tamburo brings more than 24 years of experience in the taxable fixed
income business to his new role with Southwest Securities, most recently with
Seattle-Northwest Securities Corporation where he served as vice president,
trading and underwriting callable agencies and opened that firm's New York
City office.

"We are proud to welcome Joe to lead our agency trading desk as we continue to
grow this segment of our business," said Daniel Leland, Executive Vice
President and Head of Taxable Fixed Income for Southwest Securities. "His
experience and successful record in the industry will play an important role
in expanding our agency sales and trading efforts."

Mr. Tamburo began his career at Discount Corporation of New York and was later
named head of agency trading and underwriting for Zions First National Bank.
He joined Goldman Sachs in 2006 and also worked for Macquarie Capital, Inc.,
where he managed a sales and trading team focused on U.S. treasuries, agencies
and government guaranteed bonds.

Mr. Tamburo earned a BBA in finance from Hofstra University in New York and
has completed coursework in credit derivatives at New York University.

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.

Contact: Ben Brooks, Corporate Communications, (214) 859-6351,
bdbrooks@swst.com