First Southwest & Co., a Texas-based investment banking firm on a roll since new owners took over in 1991 and infused it with new life and cash, has snared a veteran Wall Street banker and rainmaker.

Joseph M. Giglio Jr., a managing director at Smith Barney Shearson, will be joining First Southwest on Dec. 6 as chairman of the firm's municipal group. He will also become an owner investing an undisclosed amount of money.

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