Robert Grady Joins Thomas Weisel Partners' Board of Directors
September 25 2009 - 6:00AM
Marketwired
Thomas Weisel Partners Group, Inc. (NASDAQ: TWPG), a global
growth-focused investment bank, today announced that Robert E.
Grady was elected to the firm's Board of Directors effective
September 22, 2009. With Mr. Grady's addition, the firm's Board of
Directors increases to eight members including seven independent
directors.
"I have known Bob for over 20 years and could not be more
excited to have an industry leader of Bob's caliber join our Board.
With Bob's venture capital experience developed at both Carlyle and
as Chairman of the National Venture Capital Association, as well as
his extensive capital markets and M&A expertise, Bob will be a
key advisor as we continue to refine our strategy and position the
firm for future growth," said Thomas W. Weisel, Chairman and CEO of
Thomas Weisel Partners.
"I have great respect for TWP, its people and its mission of
serving growth companies. As a board member, I look forward to
contributing my experience in financing emerging growth companies
as both an investment banker and venture capitalist to helping the
firm grow its business. I believe that TWP, as a champion of and
expert in growth, has a fantastic opportunity in today's market,"
stated Bob Grady.
Mr. Grady served for the past nine years as a partner at The
Carlyle Group, one of the world's largest private equity firms,
where he was Chairman and Managing Partner of Carlyle Venture
Partners, the firm's U.S. venture and growth capital organization.
Mr. Grady joined Carlyle in 2000 as global head of Venture Capital
and served as a Member of Carlyle's Management Committee. Mr. Grady
served as Chairman of the National Venture Capital Association's
Board of Directors from 2006 - 2007, having joined the Board of
Directors in 2002. Prior to joining Carlyle, Mr. Grady was a
Managing Director and member of the Management Committee at
Robertson Stephens. Mr. Grady previously served in the White House
as Deputy Assistant to President George H.W. Bush and as Executive
Associate Director of the Office of Management and Budget (OMB).
Mr. Grady also served for a decade on the faculty of the Stanford
Graduate School of Business where he taught courses on
environmental policy and regulation. Mr. Grady is also a Director
of AuthenTec, Inc. (NASDAQ: AUTH), Maxim Integrated Products
(NASDAQ: MXIM) and several privately-held companies.
Additional changes to the Board include the appointments of
Matthew R. Barger as Lead Director of the Board and Alton F. Irby
as Chairman of the Compensation Committee, who is replacing Mr.
Barger in this capacity.
Mr. Barger is currently a Senior Advisor to Hellman &
Friedman, a private equity firm, where he spent more than 20 years
holding positions including Chairman of the Investment Committee
and Managing General Partner. Mr. Barger is a Director of a number
of investment advisory firms, including Hall Capital Partners. Mr.
Irby is a founding partner of London Bay Capital, a privately held
investment firm, and is the Chairman of ContentFilm and a Director
of McKesson Corporation. Throughout Mr. Irby's career he has spent
25 years in investment banking in London.
About Thomas Weisel Partners Group, Inc.
Thomas Weisel Partners Group, Inc. is an investment bank,
founded in 1998, focused principally on the growth sectors of the
economy. Thomas Weisel Partners generates revenues from three
principal sources: investment banking, brokerage and asset
management. The investment banking group is comprised of two
disciplines: corporate finance and strategic advisory. The
brokerage group provides equity and convertible debt securities
sales and trading services to institutional investors, and offers
brokerage, advisory and cash management services to high-net-worth
individuals and corporate clients. The asset management group
consists of: private equity, public equity and distribution
management. Thomas Weisel Partners is headquartered in San
Francisco with additional offices in Baltimore, Boston, Calgary,
Chicago, Denver, New York, Portland, Toronto, London and Zurich.
For more information, please visit www.tweisel.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements, which
are subject to risks, uncertainties and assumptions about us. In
some cases, you can identify these statements by forward-looking
words such as "may", "might", "will", "should", "expect", "plan",
"anticipate", "believe", "estimate", "predict", "optimistic",
"potential", "future" or "continue", the negative of these terms
and other comparable terminology. These statements are only
predictions based on our current expectations about future events.
There are important factors that could cause actual results, level
of activity, performance or achievements or other events or
circumstances to differ materially from the results, level of
activity, performance or achievements expressed or implied by these
forward-looking statements. These factors include, but are not
limited to, the state of the financial markets and the economy,
particularly as they relate to the growth sectors that the firm is
focused on, Thomas Weisel Partners' ability to implement its
strategic initiatives and achieve the expected benefits of the
acquisition of Westwind Partners, retain its professionals, as well
as other competitive, economic, political, and market conditions
and fluctuations, government and industry regulation, risks
relating to the acquisition of Westwind Partners, including the
effect of the completion of the transaction on the companies'
business relationships, operating results and business generally
and other factors. Some of the other factors are those that are
discussed in Item 1A - "Risk Factors" in our Annual Report on Form
10-K for the year ended December 31, 2008 and in our Quarterly
Reports on Form 10-Q filed with the SEC thereafter. We do not
assume responsibility for the accuracy or completeness of any
forward-looking statement and you should not rely on
forward-looking statements as predictions of future events. We are
under no duty to update any of these forward-looking statements to
conform them to actual results or revised expectations.
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