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SWS Group Announces Resignation of Chief Financial Officer

          SWS Group Announces Resignation of Chief Financial Officer

Stacy M. Hodges to Depart September 30th to Accept New Position

PR Newswire

DALLAS, Sept. 17, 2013

DALLAS, Sept. 17, 2013 /PRNewswire/ -- SWS Group, Inc. (NYSE: SWS) (the
"Company") announced today that Executive Vice President, Chief Financial
Officer and Treasurer Stacy M. Hodges has submitted her resignation effective
September 30, 2013, to accept an executive position with a North Texas
financial services company. The Company plans to immediately commence a search
process to fill the position on a permanent basis and expects to name an
interim Chief Financial Officer by September 30, 2013.

"We are extremely grateful for Stacy's dedicated service and leadership
throughout her 19-year career with SWS Group," said James H. Ross, President
and Chief Executive Officer of SWS Group. "While we regret seeing her leave
the Company, we recognize the personal and professional opportunity this move
represents for her and her family and we wish Stacy the best as she begins
this new chapter."

"It has been a privilege to be part of an institution of SWS's caliber for
nearly 20 years and I am proud of the achievements realized during my time
here," Ms. Hodges said. "I have great confidence in SWS's leadership and
future success, and intend to work with the finance team to ensure a smooth
transition."

The Company noted that there were no disagreements between Ms. Hodges and SWS
Group's Board of Directors or management and that her departure is not related
to the Company's operations, policies, practices or any issues regarding the
integrity of SWS Group's financial statements or accounting policies and
practices.

About SWS Group
SWS Group, Inc. is a Dallas-based holding company offering a broad range of
investment and financial services through its subsidiaries. The Company's
common stock is listed and traded on the New York Stock Exchange under the
symbol SWS. SWS Group, Inc. subsidiaries include Southwest Securities, Inc.,
SWS Financial Services, Inc., and Southwest Securities, FSB.

SOURCE SWS Group, Inc.

Website: http://www.swsgroupinc.com
Contact: Ben Brooks - Corporate Communications, (214) 859-6351,
bdbrooks@swst.com