Daily News: February 24, 2015

GWG Hires Capital Markets Execs

GWG Holdings appointed key executives to lead the company’s capital markets group. Mark V. Petersen will lead the group as GWG’s head of capital markets, and Betsy Ward will serve as director of business development.

Petersen and Ward will lead the rest of the GWG team in the continued roll out of the company’s $1 Billion L Bond, launched in January 2015.

“GWG is extremely pleased to have these two experienced financial professionals join our efforts at empowering consumers and investors to benefit from the value of the secondary market for life insurance,” said Jon Sabes, GWG Chief Executive Officer. “We are fortunate that these very qualified individuals will lead and manage our key account relationships, and work closely with our growing network of broker dealers, and financial and investment advisors.”

Mark V. Petersen brings more than 25 years of experience in the financial services industry to the GWG team. He has held various leadership roles in retail and institutional securities sales and national account management. Petersen also has a wealth of experience with investment management firms, raising capital through institutions, RIAs and family offices. “This important experience allows me to bring extensive knowledge and valuable relationships to my role at GWG,” said Petersen, continuing, I am excited to join GWG as I see the value of the platform and how it provides both investors and advisors solutions for their financial planning needs.”

Betsy Ward brings more than 23 years of experience working in the financial services industry. Her background includes working with several different financial product sponsors, most recently specific to the alternative industry. “I was familiar with GWG and was watching the firm grow. I could see innovative things were happening and I wanted to be a part of it,” she said.

Ward’s role at GWG will focus on supporting and expanding the company’s national key accounts. Adding GWG’s offerings to their platform means broker-dealers can offer a truly non-correlated alternative investment product to their advisors and clients through the GWG L Bond, said Ms. Ward. In addition, GWG works with advisors to help their clients sell their unwanted, unneeded and unaffordable life insurance policies through a life settlement, providing their clients with more financial resources for retirement and living expenses.

GWG Holdings is a specialty finance company and leader in the life settlement market.