GWG Holdings, Inc. (NASDAQ:GWGH) Q1 2019 Earnings Conference Call - Final Transcript

Aug 13, 2019 • 04:30 pm ET


GWG Holdings, Inc. (NASDAQ:GWGH) Q1 2019 Earnings Conference Call - Final Transcript


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Brad Heppner

of GWG, which will allow them to guide the strategic relationship between GWG and BEN. These members represent a world class collection of individuals and industry experience, knowledge and temperament among them include Richard Fisher, the Former President of the Federal Reserve Bank of Dallas and a well known commentator on U.S. and global capital markets and fiscal policy.

Tom Hicks is a pioneer in this space who created one of the first private equity firms, Hicks Muse Tate & Furst.

Michelle Caruso-Cabrera, The Former Chief International Correspondent to CNBC and you'll know her from shows on CNBC, including Power Lunch and Squawk Box. Bruce Zimmerman is the Former Chief Investment Officer for the University of Texas Endowment, which is the nation's second largest Endowment fund. Currently, he is a Chief Investment Officer for the Dalio Family Office and philanthropy.

David Glazier, who recently retired as Chief Operating Officer of Bank of America Merrill Lynch's Global Corporate and Investment Banking, and Roger Staubach, we will all remember from his days playing for the Cowboys. However, Roger has more than 40 years of experience in global real estate, portfolio management, financing and capital solutions. Pete Cagney spent 37 years with Ernst and Young, including 24 years as a partner of one of the nation's largest four accounting firms.

For the sake of time, I haven't gone through the background on each of BENs Directors. But we are excited to be working with them as they each bring highly relevant and diverse experience from different facets of the alternative asset industry and broader capital markets that will be hugely valuable to both GWG and BEN. You can find more information about BEN's directors and our senior leadership team on the BEN Website. We believe that the expanded strategic relationship between GWG and BEN will facilitate synergies between the two companies and deliver additional value to our shareholders. And we look forward to providing further updates on this tragic relationship, on future calls.

So with that, I'd like to turn the call over to Dan Callahan, who will conduct the questions-and-answers session. Thank you.