GWG Holdings, Inc. announced that on March 16, 2020, the Board of Directors of the Company appointed Roy Bailey, CEO of Bailey Deason Capital Interests, LLC, as a director of the Company. Mr. Bailey was appointed as a Class I director with a term expiring in 2022. In addition, the Board of Directors appointed Mr. Bailey to the Audit Committee, Compensation Committee and Special Committee of the Board of Directors, as well as the Stock Option Sub-Committee of the Compensation Committee. Prior to serving as CEO of Bailey Deason Capital Interests, LLC, Mr. Bailey served in similar management roles with Giuliani Partners LLC and Hicks Holdings, LLC. He began his career in the insurance and the insurance finance industry. In addition to founding and owning Bailey Insurance Associates, he was also the co-founder, Chairman and CEO of Premium Finance Holdings (PFH), which was later sold to Texas Capital Bank. Mr. Bailey received his BBA from Southern Methodist University in Dallas, Texas in 1976.