DALLAS--(BUSINESS WIRE)--
Hilltop Holdings (NYSE: HTH) has appointed Toby Pennycuff, former head
of information technology at Essex Property Trust, as its new chief
information officer. The Texas-based financial services holding company
has brought the industry veteran on board to provide strategic vision
and leadership in the development and implementation of information
technology solutions that provide business value and effective
management of technology risks. In this newly created position,
Pennycuff will report directly to Hilltop Holdings Chief Administrative
Officer Darren Parmenter and will work closely with IT leaders across
the company’s subsidiaries as he oversees day-to-day IT functions to
support the operations needs of Hilltop’s four business units: banking,
mortgage origination, financial advisory, and insurance.
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Toby Pennycuff, Chief Information Officer. (Photo: Business Wire)
Over the course of his 40-year career, Pennycuff has held increasingly
senior information technology positions in the banking, travel, retail,
and professional service industries including vice president and chief
technology officer at EDS (acquired by Hewlett Packard in 2008), senior
vice president and chief technology officer at JC Penney, principal and
chief technology officer at PennMann Technology, and most recently chief
information officer for Essex Property Trust, Inc.
"We are very pleased to have Toby join our team,” said Darren Parmenter.
"Toby's significant experience in information technology combined with
his diverse industry background is a great fit for our company and will
help keep Hilltop at the forefront of the best technology practices."
A graduate of the University of Texas at Austin, Pennycuff has served on
the IBM Power Systems Board of Advisors, the University of Texas at
Dallas Jindal School of Business IT Industry Advisory Board, and the
University of Texas at Austin McCombs School of Business Information
Management Advisory Council.
About Hilltop Holdings Inc.
Hilltop Holdings is a Dallas-based financial holding company. Its
primary line of business is to provide business and consumer banking
services from offices located throughout Texas through PlainsCapital
Bank. PlainsCapital Bank’s wholly owned subsidiary, PrimeLending,
provides residential mortgage lending throughout the United States.
Hilltop Holdings’ broker-dealer subsidiaries, Hilltop Securities Inc.
and Hilltop Securities Independent Network Inc., provide a full
complement of securities brokerage, institutional and investment banking
services in addition to clearing services and retail financial advisory.
Through Hilltop Holdings’ other wholly owned subsidiary, National Lloyds
Corporation, it provides property and casualty insurance through two
insurance companies, National Lloyds Insurance Company and American
Summit Insurance Company. At March 31, 2017, Hilltop employed
approximately 5,400 people and operated approximately 460 locations in
44 states. Hilltop Holdings' common stock is listed on the New York
Stock Exchange under the symbol "HTH." Find more information at Hilltop-Holdings.com,
PlainsCapital.com,
PrimeLending.com,
Nationallloydsinsurance.com
and Hilltopsecurities.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170501005426/en/
Hilltop Holdings Inc.
Jennifer Sterns, 214-252-4066
jennifer.sterns@hilltop-holdings.com
Source: Hilltop Holdings Inc.