A 26-year Hilltop veteran will open Dallas office for Masterson Advisors

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DALLAS – Masterson Advisors, a Houston-based financial advisory service firm launched in March by former Hilltop Securities banker Drew Masterson, has added another Hilltop veteran to its rapidly expanding ranks.

Dave Brayshaw, formerly senior vice president for trading at Dallas-based Hilltop where he worked for 26 years, will open a Dallas office for Masterson as a managing director.


Masterson now operates in Houston, Dallas and Orlando, Florida, after luring more than a dozen executives from Hilltop, formerly First Southwest Co.

Brayshaw will lead the Municipal Advisor Pricing Desk, which advises and negotiates on behalf of the firm’s clients with regard to offering price, couponing, option pricing, and maturity structure. He will also work with the Municipal Financial Products Desk, which offers interest rate swap advisory services, reinvestment services and commodity hedging, Masterson said.

“Dave Brayshaw is a perfect fit for our firm both professionally and culturally,” said Drew Masterson. “Professionally, he and his team round out the advisory services that our larger clients require. Personally, we are kindred spirits. We have worked together for over 22 years and share a passionate view to educate and inform clients on complex financing concepts.”

Brayshaw has been in the municipal structured products field for more than 32 years, and has advised on over $6.2 billion of municipal swaps and $58.4 billion of municipal investment transactions over the last five years. He is a member of the National Federation of Municipal Analysts and the Southern Municipal Finance Society.

“He is well known in Florida and his market knowledge and integrity will be highly valued by our growing client base in the state,” said Ed Stull, head of Masterson’s Orlando office.

“Dave’s skill set really completes the services that our bigger clients need," said Trey Cash in the Houston office. "Dave is a passionate mentor and fits our culture perfectly. We are thrilled that he has joined us.”

Drew Masterson, who developed a specialty in serving charter schools, departed Hilltop in 2017 after the firm dropped charter schools in favor of working exclusively with traditional school districts. Charter schools are often seen as administratively and financially troublesome for traditional districts.

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Career moves Sell side Credit derivatives Drew Masterson Masterson Advisors Hilltop Securities Texas
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