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Tuesday, March 10, 2009

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UT System Regent Janiece Longoria Appointed to UTIMCO Board

AUSTIN – The University of Texas System Board of Regents today (March 10) appointed Regent Janiece Longoria to the Board of Directors of The University of Texas Investment Management Company (UTIMCO).

Longoria, a partner in the Houston law firm of Ogden, Gibson, Broocks & Longoria, L.L.P., was appointed to the UT System Board of Regents in 2008. She succeeds former regent and UTIMCO board member Robert B. Rowling, who resigned last month.

She is one of seven commissioners for the Port of Houston Authority, the world's 10th-largest port. She also serves on the Board of Directors of CenterPoint Energy, Inc., the third-largest publicly traded natural gas delivery company in the United States.

Longoria is a member of the American Bar Association’s Business Law Section and Litigation Section, the State Bar of Texas, and is a Fellow of the Houston Bar Association and Houston Bar Foundation. She is a member of the Legal and Compliance Division of the Securities Industry Association and has been a frequent contributor to the annual broker-dealer survey of litigation published by the SIA.

UTIMCO is a 501(c)(3) investment management corporation whose sole purpose is the management of investment assets under the fiduciary care of the Board of Regents of The University of Texas System. Created in March 1996, UTIMCO is the first external investment corporation formed by a public university system in the nation. It invests endowment and operating funds in excess of $18 billion. 

UTIMCO is governed by a nine-member Board of Directors. The UTIMCO Board of Directors includes three members of The University of Texas System Board of Regents, one member selected from a list provided by The Texas A&M University System Board of Regents, the Chancellor of The University of Texas System, and four outside investment professionals appointed by the UT System Board of Regents.

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