GWG Holdings Announces Election of New Board Member Thomas J. Donohue, Jr., Retirement of Board Member C.H. Maguire
May 23 2018 - 4:15PM
GWG Holdings, Inc. (Nasdaq:GWGH), a financial services company
committed to transforming the life insurance industry through
disruptive and innovative products and services, announced the
election of Thomas J. Donohue, Jr. as a new member of the company’s
Board of Directors, and the retirement from the board of C.H.
Maguire III.
“We are excited to have someone with Tom’s deep knowledge of
financial services and technology joining our board,” said GWG
Holdings Chief Executive Officer Jon Sabes. “He will bring insights
that will be important for us as we embark on key new initiatives.
At the same time, we wish C.H. the best and thank him for his
guidance and counsel over the last four years.”
Donohue is the President and Founder of Adelphi Capital where he
has built up the company’s merchant banking practice across sectors
of expertise including transportation, telecommunications and
technology, financial services, infrastructure, and national
security. He has identified, structured and completed principal
investments, acquisitions, strategic initiatives and joint ventures
in these markets. His personal transaction experience includes more
than $2 billion of equity, debt and advisory transactions. Before
founding Adelphi, Mr. Donohue was a Senior Associate at IPAC, a
Washington, DC-based international consulting company where he was
responsible for transportation and financial services clients,
completing transactions in Europe, Asia, Middle East and South
America. Donohue currently serves on the boards of several
companies and organizations including the National Chamber
Foundation, the research arm of the U.S. Chamber of Commerce.
Donohue is a graduate of Georgetown University.
About GWG Holdings, Inc.
GWG Holdings, Inc. (Nasdaq:GWGH) is a financial
services company committed to transforming the life insurance
industry through disruptive and innovative products and services.
The Company was founded to earn non-correlated returns from life
insurance assets and create opportunities for consumers to obtain
significantly more value for their life insurance policies in a
secondary market compared to the traditional options offered by the
insurance industry. The Company is extending its business in
the life insurance industry through the application of advanced
epigenetic technology. Since 2006, the Company has provided
seniors over $498 million in value for their life insurance and
owns a portfolio of $1.76 billion in face value of policy benefits
as of March 31, 2017.
For more information about GWG Holdings,
email info@gwgh.com or visit www.gwgh.com.
Media Contacts:Dan CallahanDirector of
CommunicationGWG Holdings, Inc.(612) 746-1935dcallahan@gwgh.com
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/ca13f0d6-f476-4b7e-a756-6febc936c8f2
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