SWS Group, Inc. CEO Donald W. Hultgren Resigns (SWS)

Donald W. Hultgren resigned Wednesday as president, CEO and a member of the Board of Directors of SWS Group, Inc. SWS. James H. Ross, president and CEO of the company's principal brokerage subsidiary, Southwest Securities, Inc., was named to the Board of Directors and will serve as interim CEO until the SWS board names an executive to fill the CEO position on a permanent basis. Mr. Ross, 60, a veteran of more than three decades in the securities industry, joined Southwest Securities, Inc. in 2004 from UBS PaineWebber. He was appointed an executive vice president of SWS Group in his first year with the company and given responsibility for all retail brokerage areas. In September 2007, he was appointed to the additional role of president and CEO of Southwest Securities, Inc.