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Media Contact:
Brannon Smith, Highland Capital 205/263-9211
HIGHLAND CAPITAL HIRES NEW VICE PRESIDENT OPERATIONS
(Birmingham, AL; May 8, 2002)--Highland Capital Holding Corporation announces that
Robert (Bob) W. Davis has been named the company's Vice President Operations, responsible for
the overall operational performance of the company. An immediate primary responsibility will
be the continued integration of the company's wholesale brokerage offices, Highland Capital
Brokerage, including the implementation of technology and the standardization of operations
and processes.
"Bob's vast operations experience will be instrumental as we continue to grow our offices'
national presence," said John L. Robinson, Jr., CEO and President of Highland Capital. "Bob
has a proven record of delivering increased profitability, and his technological background
will serve the company well as he leads the agency management system implementation."
Prior to joining Highland Capital, Davis served as Chief Operating Officer of StorageProvider,
Inc., an outsourced data management company serving clients both in the U.S. and abroad.
From 1993 to 2000, Davis served as Director of Operations for Compaq's Enterprise Storage
Division, focused on supply chain management for over $6 billion in revenue. From 1991 to
1993, he served on various engagements with the management consulting firm of McKinsey &
Company. He received his MBA from the Owen School of Management, Vanderbilt University and
undergraduate degree from Baylor University.
Birmingham-based Highland Capital Holding Corporation, an innovator in the distribution
of financial services, was formed to acquire, equip, and grow the premier national network
of firms who provide financial products and services to the corporate and affluent marketplace.
Highland Capital's two complementary distribution strategies - retail and wholesale - come
together under a shared vision to redefine upscale distribution in the financial services
industry. The combined platform has over 50 offices nationwide.
The company's fundamental objective is to equip firms to compete effectively within the
consolidating financial services industry while creating an opportunity for individual principals
to realize the equity value of their firms. The firms acquired by Highland Capital distribute
financial services products directly to retail consumers and indirectly through institutional
accounts and affiliated financial services firms. Highland Capital's retail offices offer
asset management, business succession planning, estate planning, executive compensation,
employee benefits, and retirement planning for the corporate and affluent marketplace. The
wholesale offices provide access to major carriers, advanced planning support, expertise in
risk underwriting, and various financial products and services to insurance brokers, financial
planners, attorneys, and various institutions, such as banks, wirehouses, and CPA firms.
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