DALLAS, July 26 /PRNewswire-FirstCall/ -- Westwood Holdings Group, Inc.
(NYSE: WHG), an institutional asset management firm, today announced the
election of Robert D. McTeer to its Board of Directors.
McTeer is a Distinguished Fellow at the National Center for Policy
Analysis (NCPA), a nonpartisan, free-market think tank headquartered in
Dallas. Prior to joining the NCPA, he was Chancellor of the Texas A&M
University System from November 2004 through November 2006. Before that, he
had a 36-year career with the Federal Reserve System, including 14 years as
President of the Federal Reserve Bank of Dallas and member of the Federal
Open Market Committee. He currently serves on the Board of Directors of
Guaranty Bank, headquartered in Austin, and Refocus Group, a medical device
company in Dallas engaged in research and development of treatments for
human vision disorders. He also serves on the Board of the University of
Georgia's Terry College of Business. He is past president of the
Association of Private Enterprise Education, a national association of free
enterprise scholars, and a former board member of the National Council on
Economic Education. The Texas Cable News Network featured him as a Texas
Legend in Business in 2004. In addition to his general Board duties, McTeer
will also serve as a member of the Company's audit committee.
Mark Freeman, Westwood Senior Vice President and Portfolio Manager,
commented, "As a Fed policymaker, Bob McTeer earned a national reputation
as an independent and innovative thinker. At Westwood, we take the same
approach in managing our clients' assets and we look forward to
incorporating Bob's wealth of knowledge and experience into our investment
process."
"We greatly admired Bob's work during his 14 year tenure as President
of the Dallas Fed," said Brian O. Casey, President and Chief Executive
Officer of Westwood. "Westwood is proud to be associated with someone so
well-respected, both in the United States and in the international
financial community."
About Westwood
Westwood Holdings Group, Inc. manages investment assets and provides
services for its clients through two subsidiaries, Westwood Management
Corp. and Westwood Trust. Westwood Management Corp. is a registered
investment advisor and provides investment advisory services to corporate
pension funds, public retirement plans, endowments, foundations, the WHG
Funds, a family of institutional mutual funds, other mutual funds and
clients of Westwood Trust. Westwood Trust provides trust and custodial
services and participation in common trust funds that it sponsors to
institutions and high net worth individuals. Westwood Holdings Group, Inc.
trades on the New York Stock Exchange under the symbol "WHG." For more
information, please visit Westwood's website at
http://www.westwoodgroup.com.
CONTACT:
Westwood Holdings Group, Inc.
Bill Hardcastle
(214) 756-6900
(WHG-G)
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