Ted Chapman Joins HilltopSecurities Public Finance Division

BY Business Wire | MUNICIPAL | 08/24/21 08:00 AM EDT

DALLAS--(BUSINESS WIRE)-- Hilltop Securities Inc. (HilltopSecurities) is pleased to welcome Ted Chapman to its Public Finance division in Dallas where he will serve as an investment banking credit analyst.

?Having reliable municipal credit expertise is now more important than ever for our clients and we seek to continue to increase our capabilities in this area,? said David Medanich, co-head of public finance at HilltopSecurities. ?We are fortunate to be able to welcome someone of Ted?s proven talent and ability to our public finance team.?

Chapman brings 25 years of financial services experience to his role. Prior to joining HilltopSecurities, he spent 21 years as a municipal bond credit analyst at S&P Global Ratings. In that role, he served as a subject matter expert and credit rating criteria author for municipal water utility revenue bonds. In addition, Chapman worked with the Sustainable Finance team at S&P, with a focus on drinking water. He is currently federally appointed to the EPA?s Environmental Finance Advisory Board. Since 2007, Chapman has also served as a senior credit officer for credit rating committees within S&P?s U.S. Public Finance department.

?HilltopSecurities is a recognized leader in municipal investment banking,? said Chapman. ?I?m excited to get to work using my skills and knowledge in municipal credit to enhance the firm?s public finance team.?

Chapman received a bachelor?s degree in Political Science from the University of Arizona and a master?s degree in Public Administration from the University of Texas at El Paso.

About Hilltop Securities Inc.
Hilltop Securities Inc. delivers forthright advice and tailored solutions to municipal issuers, institutions, broker-dealers, and individuals. The full-service 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. (HTH) , HilltopSecurities? affiliates include Hilltop Securities Independent Network Inc., PlainsCapital Bank, and PrimeLending. Learn more at www.HilltopSecurities.com. Member: NYSE/FINRA/SIPC.

Source: Hilltop Securities Inc.

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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