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Huntington Securities hires Flowers as managing director

BY SourceMedia | MUNICIPAL | 11:22 AM EDT

Longtime public finance professional Curtis Flowers joined Huntington Securities as managing director in its Houston office, covering clients throughout Texas, the firm announced this week.

He previously spent six years at J.P. Morgan where he led its Houston public finance office, a statement from Huntington said. During his 21 years at Loop Capital Markets, Flowers served as a managing director and opened the firm's Texas office, where he was involved in more than $20 billion in municipal transactions throughout the state.

Flowers currently chairs Houston's Downtown Redevelopment Authority board and previously served on the Harris County-Houston Sports Authority board.

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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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