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BMC Capital Joins Peers in Adjusting to Market

DALLAS-The locally based origination company pares a handful of underwriters while opening two more offices and entering due diligence for a bank buy.

By Connie Gore | Updated on April 29, 2008

DALLAS-Whether large or small, financial services companies are finding ways to adjust to the rocky market. Dallas-based BMC Capital LP, like others, has dropped a handful of underwriters in the local office while staying focused on continued growth, which includes a possible bank buy.

“We obviously have tried to be prudent in making sure we have the appropriate staff for the appropriate area,” Jonathan Morris, president of BMC Capital, stresses to GlobeSt.com, responding to an inquiry about a rumored double-digit layoff in its origination ranks in Dallas. “We have to make sure we have the right people in the right places.”

Morris says “a handful” of underwriters has been eliminated–a fact that’s been confirmed by one of the laid-off workers. BMC’s policy is not to disclose the size of its ranks, but both say it’s substantially less than the rumored number of 20.

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