JERSEY CITY, N.J., Feb. 25, 2009 /PRNewswire-FirstCall/ -- Hudson Holding Corporation (OTC Bulletin Board: HDHL - News), parent of Hudson Securities Inc., a registered broker-dealer that meets the liquidity needs of brokers, dealers, institutions, and asset managers, today announced the formation of a new investment banking and research unit that will offer a full range of corporate finance and capital market services as the Westminster Securities division of Hudson Securities Inc.
The 22 member team will be headed by NYSE member John P. O'Shea, and joins
Hudson from Westminster Securities Corporation, a 35 year-old firm. The
Westminster Securities division will provide a wide range of corporate finance
services domestically and internationally such as investment banking, private
placements of debt & equity, private placements in public equity (PIPEs),
initial public offerings (IPOs), reverse mergers, special purpose acquisition
companies (SPACs), underwriting & syndication, merger & acquisition, financial
restructuring, advisory services and chaperoning for non U.S. Broker Dealers.
The team specializes in pharmaceuticals, energy, alternative energy and
natural resources.
The Westminster team has developed significant expertise in assisting Chinese
companies tapping into the US capital markets. Over the last four years, the
group has acted as placement agent and/or underwriter in 15 Chinese
transactions raising over USD$190 million for companies operating in China.
"We are extremely excited to be joining Hudson Securities, Inc. as the
Investment Banking and Research Division," stated John P. O'Shea, head of the
new unit. "By joining with Hudson, our clients will benefit from both the
liquidity and broader service offering that a larger, state of the art
organization can provide."
"Building a more diverse, broad based organization positions us to better
serve the growing needs and demands of our clients," stated Hudson Holding
Corporation, CEO Marty Cunningham. "We are thrilled to have John and his
seasoned team leading this initiative at Hudson."
Hudson Holding Corporation is a publicly traded company on the OTC Bulletin
Board under the symbol "HDHL" and the parent of Hudson Securities, Inc. and
Hudson Technologies, Inc. Hudson Securities Inc. is dedicated to meeting the
liquidity needs of its clients; institutions, hedge funds, asset managers, and
broker dealers, by providing execution solutions and making markets in over
14,000 US and foreign securities and ADRs. As a registered broker-dealer under
the Securities Exchange Act of 1934, Hudson Securities, Inc. is a member of
the Financial Industry Regulatory Authority ("FINRA") and has been in business
since 1984. Hudson Technologies, Inc. provides technology services to Hudson
Securities, Inc. and client companies.
