Southwest Securities has hired two experienced traders to the firm's taxable fixed income division.

David Cohen joined the firm's agency trading department in New York City while Brian Rellstab joined the corporate trading desk in Dallas, Texas. The firm's fixed-income division includes MBS.

Cohen most recently was with RBC in New York City where he spent 10 years in agency trading. Before RBC, he spent six years with Tucker Anthony.

Meanwhile, Rellstab joins Southwest Securities having previously spent 17 years trading corporate debt at A.G. Edwards in St. Louis.

"We have always made it a priority to seek only the most talented professionals to join our team and the addition of David and Brian certainly fits this strategy. We are proud to welcome them on board as we continue to expand our successful taxable fixed income business," said Daniel Leland, executive vice president and head of taxable fixed income for Southwest.

"While other firms are reducing headcount, Southwest Securities remains committed to growing our corporate, agency and mortgage-backed sales and trading staffs across the country," Leland said. "We continue to pursue opportunities to add highly-qualified, experienced professionals to our team and are pleased at the success we are seeing in those efforts

Southwest offers 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, a financial services holding company whose stock is listed and traded on the New York Stock Exchange.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.