William R. Williams (Bill)

June, 2000 – Present – WRWCO, L.L.C., Houston, TX

President & Managing Director

Chief executive of a registered investment advisor firm specializing in building and managing investment portfolios that emphasize the production of regular and predictable income from dividend and interest payments while also seeking capital appreciation.

December, 2001 – June 30, 2003 – SANDERS MORRIS HARRIS, Houston, TX

Senior Vice President

Served in dual capacity: as Managing Director of WRWCO, L.L.C., managed investment funds of high net worth individuals and institutional clients; and, as Senior Vice President of SMH, managed investment funds of SMH Capital Advisors, Inc. clients and serviced non-managed accounts as a registered investment representative specializing in analysis and sales of fixed-income securities.

May, 1995 – December, 1999 – AMHERST SECURITIES GROUP, INC. , Houston, TX

Senior Vice President and Member, Owners Group

Investment Representative specializing in meeting the fixed-income investment needs of colleges, universities, foundations, endowments, cities, counties, hospitals, insurance companies, and other institutional investors.

September, 1988 – May, 1995 – WESTCAP SECURITIES, L.P., Houston, TX

Executive Vice President

Coordinated marketing and directed operations of the College/University, Foundation, Endowment, and Trust Division, and specialized in the analysis and sales of fixed and variable interest rate securities to: colleges, universities, endowments, non-profit foundations, trusts, cities, counties, states, pensions, insurance companies, banks, savings associations and other institutional investors.

January, 1985 – Present – TIGER INVESTMENT CORPORATION, Houston, TX

President

Chief executive of private investment company specializing in the acquisition, management and servicing of mortgages and residential real estate.

October, 1976 – September, 1985 – UNIVERSITY OF HOUSTON SYSTEM Houston, TX

University Treasurer

Directed management of operations for $700 million, multi-campus public university concerning: banking, investments, debt, capital budgeting, property/casualty insurance, endowments, external foundations and State Treasury.

May, 1974 – September, 1976 – INTERFIRST BANCSHARES, Houston, TX

Banking Officer

Managed commercial, real estate and professional/executive banking relationships.

May, 1972 – June, 1974 – TEXAS TECH UNIVERSITY, Lubbock, TX

Teaching Assistant and Instructor

Assisted with teaching and research for classes regarding investments, capital markets, and corporate finance.

EDUCATION: Master of Business Administration (MBA), Texas Tech University, 1974.

Bachelor of Business Administration (BBA), University of Houston, 1972.

LICENSES: FINRA Series 7, General Representative License.

FINRA Series 63, State License.

FINRA Series 66, Investment Advisor Representative License.

National Corporate Cash Management Association (Chairman, Education Committee), Harris County Higher Education Authority (Chairman), Western Bank-Downtown (Director and Chairman, Audit Committee), Preferred Savings Association (Advisory Director), Texas American Title Company (Advisory Director), Texas State Treasurer’s Asset Management Advisory Committee; National Association of Corporate Treasurers; Who’s Who in Finance and Industry; Municipal Treasurer’s Association.