Westlake Securities Initiates Equity Capital Markets Effort
October 1, 2008AUSTIN, TX - October 1, 2008 - Westlake Securities, LLC is pleased to announce that it received approval from the Financial Industry Regulatory Authority (FINRA) on September 22, 2008 to commence an institutional equity sales and trading business. In connection with this approval to expand the scope of Westlake's investment banking business, the firm also announced the hiring of three experienced sales and trading professionals. Joining the firm as Senior Vice Presidents are Brian Gilmore, Matt Richter and J. Sulester. Mr. Gilmore graduated from the University of Texas at Austin and has spent the past 10 years in the securities industry in institutional sales, research and investment banking. Mr. Richter graduated from Colorado State University and has spent the past 12 years in the securities industry as an institutional equity trader and salesman. Mr. Sulester attended the University of Texas at Austin and has spent the past 6 years as an institutional equity trader. All three of these professionals joined Westlake from Tejas Securities Group, Inc.
Mike McAllister, Chief Executive Officer of Westlake said, "We are excited to gain approval from FINRA to start our equity capital markets group. I am delighted that Brian, Matt and J. joined us. Their experience and relationships will be an excellent complement to our existing corporate finance business. It is my hope that we can grow this business on the Westlake platform."
Westlake Securities is an investment banking firm serving middle market companies in a broad range of industries including technology, basic industrials, energy, financial services, consumer products and life sciences. Westlake's clients include: family-owned businesses; privately held companies; private equity and venture capital funds; and publicly traded small-capitalization companies. Westlake's services include equity and debt private placements, merger and acquisition advisory and financial advisory (valuations and fairness opinions). The firm is headquartered in Austin, TX and also has an additional office in Houston, TX.Westlake is a member of FINRA and SIPC.
