DALLAS--(BUSINESS WIRE)--
Westwood
Holdings Group, Inc. (NYSE: WHG)
announced the appointment of Mark A. Wallace as Chief Financial Officer.
Mark's thirty years of experience in senior financial officer roles were
gained at several companies, including high growth NYSE corporations.
Mark is highly experienced in dealing with complex SEC reporting issues,
capital markets, global tax and treasury matters, mergers and
acquisitions, and technology solutions.
Westwood's former CFO, Bill Hardcastle, will focus on the growth of
Westwood's domestic and international fund business and will provide
leadership in other corporate development and strategic initiatives.
Brian Casey, Westwood's President & CEO, said, "We are very pleased to
add Mark to the Westwood team. His wealth of experience as a senior
financial officer for growing organizations will bring tremendous value
to Westwood as we continue to execute our growth strategy. We would also
like to express our gratitude for Bill's contributions as CFO over the
last seven years; he will continue to be an integral part of the
Westwood team in his new role."
Prior to joining Westwood, Mark served as Chief Financial Officer and
held other financial leadership positions for an S&P 500 real estate
investment trust, NYSE-listed international manufacturing corporations,
and diversified industrial holding companies. Mark began his career with
eleven years at Arthur Andersen LLP. Mark was awarded an MBA from
Colorado State University and a BBA from Texas Tech University. He is
also a Certified Public Accountant.
About Westwood
Westwood Holdings Group, Inc. provides investment management services to
institutional investors, private wealth clients and financial
intermediaries. Westwood manages a variety of investment strategies
including U.S., Global and Emerging Markets equities as well as
income-oriented portfolios. Access to these strategies is available
through separate accounts, commingled funds and the Westwood FundsTM
family of mutual funds. Westwood has significant, broad-based employee
ownership and trades on the New York Stock Exchange under the symbol
"WHG." Based in Dallas, Westwood also maintains offices in Omaha and
Toronto.
For more information on Westwood, please visit our website at www.westwoodgroup.com.
For more information on the Westwood FundsTM, please visit www.westwoodfunds.com.
Note on Forward-looking Statements
Statements in this press release that are not purely historical facts,
including statements about our expected future financial position,
results of operations or cash flows, as well as other statements
including words such as "anticipate," "believe," "plan," "estimate,"
"expect," "intend," "should," "could," "goal," "may," "target,"
"designed," "on track," "comfortable with," "optimistic" and other
similar expressions, constitute forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Actual
results and the timing of some events could differ materially from those
projected in or contemplated by the forward-looking statements due to a
number of factors, including, without limitation: our ability to
identify and successfully market services that appeal to our customers;
the significant concentration of our revenues in four of our customers;
our relationships with investment consulting firms; our relationships
with current and potential customers; our ability to retain qualified
personnel; our ability to successfully develop and market new asset
classes; our ability to maintain our fee structure in light of
competitive fee pressures; competition in the marketplace; downturns in
the financial markets; new legislation adversely affecting the financial
services industries; interest rates; changes in our effective tax rate;
our ability to maintain an effective system of internal controls; and
the other risks detailed from time to time in Westwood's SEC filings,
including but not limited to, its annual report on Form 10-K for the
year ended December 31, 2011 and its quarterly report on Form 10-Q for
the quarters ended March 31, June 30 and September 30, 2012. You are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
Except as required by law, Westwood is not obligated to publicly release
any revisions to these forward-looking statements to reflect events or
circumstances after the date of this press release or to reflect the
occurrence of unanticipated events or otherwise.
(WHG-G)
Westwood Holdings Group, Inc.
Bill Hardcastle, 214-756-6900
Source: Westwood Holdings Group, Inc.
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