Leadership. Responsibility. Growth. Sustainability.

Program in partnership with the National Association of State Treasurers (NAST) Foundation

Michael Newman
Michael Newman
Managing Director, Hilltop Securities

Joined First Southwest Company, a predecessor to Hilltop Securities Inc., in 2004

  • Has been in the securities industry since 1990
  • Has worked with transportation organizations including Trustees of Tulsa Airports Improvement Trust; Blue Grass Airport (Lexington, Kentucky); Regional Transportation District of Denver; Metropolitan Transit Authority of Harris County, Texas; Dallas Area Rapid Transit; North Texas Tollway Authority; Oklahoma Turnpike Authority; and Oklahoma Department of Transportation.
  • Previously served as a vice president in the public finance departments of Landesbank Hessen-Thuringen Girozentrale and National Westminster Bank Plc., where his principal responsibilities involved providing credit enhancement and liquidity support to a variety of tax-exempt and taxable indebtedness issued by public sector entities and not-for-profit institutions.


  • Bachelor of Science in Business Administration, Case Western Reserve University
  • Master of Business Administration in Finance, State University of New York at Albany
  • Completed studies in Industrial Relations at The London School of Economics in London

Licenses Held

  • Registered Representative of the Financial Industry Regulatory Authority (FINRA)

o General Securities Representative, Series 7

o Municipal Advisor Representative, Series 50

o Uniform Securities Agent, Series 63

o Investment Banking Representative, Series 79