Co-Founders of YaCari Consultants, LLC, Join HilltopSecurities Public Finance Division in Houston

DALLAS–(BUSINESS WIRE)–Hilltop Securities Inc. (HilltopSecurities) today announced the
co-founders of YaCari Consultants, LLC, recently joined the firm’s
public finance division in Houston, Texas.

Yava Scott and Carmen T. Best join the firm as managing directors. The
investment bankers will work alongside the firm’s existing Houston-based
municipal advisors assisting issuers across the country with both
traditional and non-traditional/alternative delivery municipal advisory
services.

“We are very fortunate to find two bankers with the credentials and
relationships of Yava and Carmen, and we’re excited to add them to our
team in Houston,” said David Medanich, vice chairman and head of public
finance. “This is just another step to strengthen our position in
Houston and the surrounding area.”

Scott and Best have a long, unique history as a municipal advisory team.
Prior to joining HilltopSecurities, they were co-founders of YaCari
Consultants, a wholly woman-owned registered municipal advisory firm,
where they advised a wide range of Texas issuers on the planning and
execution of new money, refunding, and remarketing transactions. Prior
to co-founding YaCari, Scott and Best worked together as investment
bankers for more than seven years in the Houston office of Siebert
Cisneros Shank & Co., LLC (formerly Siebert Brandford Shank & Co., LLC).

“HilltopSecurities was a natural choice for us. They’re a
municipals-focused firm with the capital and resources that enable us to
provide a higher level of service to our clients,” said Scott.

“HilltopSecurities has a strong reputation among Houston-area bankers
and issuers,” said Best. “We’re excited to be part of a firm with such a
rich history in Texas public finance.”

About Yava Scott

Scott joins HilltopSecurities as managing director and brings more than
33 years of experience in public finance to the firm. Prior to joining
HilltopSecurities, Scott co-founded YaCari Consultants, LLC, where she
served as co-managing partner from 2014 to 2019. At YaCari, she helped
clients plan and execute traditional issuances, and assisted with
compiling and analyzing quantitative and qualitative data for
alternative delivery financing projects. Prior to that, Scott served as
an investment banker with Siebert Cisneros Shank & Co., LLC, where she
worked on both taxable and tax-exempt financing transactions,
structuring and managing transactions in a variety of focus areas
including water and sewer, transit, tax increment, and general/revenue
obligation.

Scott began her career in the industry as a public finance attorney,
serving in various roles including bond/co-bond counsel,
underwriter/co-underwriter/dealer counsel, and as trustee/escrow
agent/paying agent for several years. In this capacity, she helped
review and execute negotiated and competitive bond financing
transactions. Scott earned a Bachelor of Business Administration from
St. Mary’s University and a Juris Doctorate from St. Mary’s University
School of Law.

About Carmen T. Best

Best joins HilltopSecurities as managing director and brings more than
25 years of progressive experience in public finance to the firm. Prior
to joining HilltopSecurities, Best co-founded YaCari Consultants, LLC,
where she served as co-managing partner from 2014 to 2019. Prior to
that, she was an investment banker with Siebert Cisneros Shank & Co.,
LLC, Raymond James, and Robert W. Baird where she served as lead banker
for the firm’s Houston office. In her previous positions, she
coordinated all marketing activities and allocation of resources and was
responsible for the successful execution of underwriting transactions.
Best also performed in-depth analyses on the financial objectives and
available resources of potential clients to determine financial capacity
and structure unique finance solutions for municipalities.

Prior to her work in investment banking, Best served as an
executive-level staff member for the City of Houston where she provided
oversight for the city’s general obligation, water and sewer system,
airport system, and convention and entertainment facilities debt
programs. She was also responsible for planning and coordinating all
actions to secure funding for the multi-year capital improvement
programs, as well as facilitating all activities for the execution of
the city’s negotiated and/or competitive bid financings to fund capital
projects and other cash flow needs. Best earned a Bachelor of Science in
accounting from Fairleigh Dickinson University and a Master of Business
Administration in finance from the University of St. Thomas.

About Hilltop Securities Inc.

Hilltop Securities Inc. delivers forthright advice and tailored
solutions for municipal issuers, institutions, broker-dealers, and
individuals. The financial services firm and registered investment
adviser is headquartered in Dallas, Texas, with offices across the
United States. Areas of focus include public finance; municipal and
taxable fixed income underwriting, sales, and trading; equity and
portfolio trading; retail brokerage services; securities clearing;
structured finance; and securities lending. A wholly owned subsidiary of
Hilltop Holdings Inc. (NYSE: HTH), HilltopSecurities’ affiliates include
Hilltop Securities Independent Network Inc., PlainsCapital Bank,
PrimeLending, and National Lloyds Corporation. Learn more at www.HilltopSecurities.com.
Member: NYSE/FINRA/SIPC.

Contacts

Hilltop Holdings Inc.
Justin Luera
214.252.4015
Justin.Luera@hilltop-holdings.com

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