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Four HilltopSecurities Municipal Finance Professionals Elected to Smith’s 2021 Municipal Analysts All-Star Team


DALLAS, December 13, 2021 – Hilltop Securities Inc. (HilltopSecurities) today announced that four of the company’s municipal finance professionals were elected to Smith’s Research and Gradings’ (Smith’s) 2021 Municipal Analysts All-Star Team. In addition, this marks the first year that HilltopSecurities ranked among the top 10 in Smith’s All-Star Team rankings, placing No. 8.

Tom Kozlik, head of municipal research and analytics, was elected to the first team in the generalist category, and the third team in the sellside director of research category. Doug Nelson, municipal credit analyst, was elected to the second team in the airport revenue bond category, while Yaffa Rattner, head of municipal credit, was elected to the third team in the charter school bond category. Ted Chapman, investment banking analyst, was elected to the third team in the water and sewer revenue bond category.

“In our role as a leading municipal investment bank and wealth management advisor, HilltopSecurities provides a full suite of municipal finance services, including unique insight and analysis for municipal market participants,” said HilltopSecurities President and CEO Brad Winges. “We congratulate, Tom, Doug, Yaffa, and Ted for this recognition by their peers and for their continued leadership in the industry.”

Smith’s 2021 All-Star ballot featured over 275 municipal analysts at more than 100 firms and was voted on by more than 1,000 institutional investors. Smith’s All-Star Team was founded in 1992 to provide recognition to the nation’s brightest municipal bond analysts.

This marks the fourth consecutive year that Kozlik has been recognized as a first team All-Star in the generalist category and the second consecutive year he has been recognized in the sellside director of research category. This marks the fifth year that Rattner has been elected to the Smith’s All-Star team and the sixth year that Chapman has been elected.

HilltopSecurities professionals attending the annual Smith’s All-Star Awards program in New York City on Dec. 8, 2021, included (l to r)  Municipal Credit Analyst Philip Villaluz, Municipal Institutional Sales Manager Bill Isenberg, Head of Strategy and Analytics Justin Hoogendoorn, Head of Municipal Research and Analytics Tom Kozlik, Investment Banking Analyst Ted Chapman, Head of Municipal Credit Yaffa Rattner, Chief Administrative Officer Clare Graca, and Head of Municipal Underwriting and Sales John Pellicci.

About Hilltop Securities Inc.
Hilltop Securities Inc. delivers forthright advice and tailored solutions for municipal issuers, institutions, broker-dealers, and individuals. The full-service municipal investment bank and registered investment adviser is headquartered in Dallas, Texas, with offices across the United States. Areas of focus include public finance; municipal and taxable fixed income underwriting, sales, and trading; retail brokerage services; securities clearing; structured finance; and securities lending. A wholly owned subsidiary of Hilltop Holdings Inc. (NYSE: HTH), HilltopSecurities’ affiliates include Momentum Independent Network Inc., PlainsCapital Bank, and PrimeLending. Learn more at Member: NYSE/FINRA/SIPC.

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Hilltop Holdings Inc.
Ben Brooks

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