David Wilson, the head of First Security Corp.'s newly minted section 20 unit, is no stranger to the securities business. He has been working in the Salt Lake City bank's capital markets division for the past 30 years.

He does not expect his new post as head of First Security Capital Markets Inc. to include a radical shift in focus, he said. Obtaining Tier 1 underwriting powers from the Federal Reserve "merely expands our corporate finance product menu. Functionally, nothing changes."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.