Congressman Gregory W. Meeks Applauds Goldman Sachs' Hiring of Williams Capital to Manage$1 Billion of Assets

(WASHINGTON, DC)– Congressman Gregory W. Meeks (NY-6), Senior Member of House Committee on Financial Services and Chairman of its Subcommittee on International Monetary Policy and Trade, applauded today’s announcement by Williams Capital Group that the Goldman Sachs Group, Inc (NYSE:GS) selected Williams Capital Management, LLC, a wholly-owned subsidiary of The Williams Capital Group, L.P., to manage $1 billion of U.S treasury and government agency securities.

“With this selection Goldman Sachs recognizes the importance of diversity within the financial services industry. Williams Capital is a proven firm with a demonstrated track record of success. The Goldman Sachs investment will provide Williams Capital with a significant increase in its assets under management which will help Williams Capital grow its business in a very substantial and impactful way,” said Congressman Meeks.

Williams Capital Management, LLC manages a variety of fixed income investment products, which includes high yield bonds, short and limited duration investment grade securities, and money market investments. Williams Capital has served as the adviser to the 2a-7 Aaa/AAAm-rated U.S. Government Money Market Fund since 2003. This fund provides shareholders with daily liquidity and capital preservation though its investment in U.S. government money market fund-eligible instruments. The Williams Capital Group, L.P. is the parent company of Williams Capital Management that was established in 1994 that has provided investment and capital markets services to corporations, government agencies, state and local governments, institutional investors in the equity and fixed income markets.

“One of my major priorities throughout my tenure in Congress has been to push for opportunities for women and minorities in the financial services sector. Diversity is not only the right thing to do, but at the end of the day it makes exceptional business sense. It helps to promote new opportunities for minorities, to ensure that the American financial sector remains globally competitive, and that New York City continues to be the world’s leading financial capital. I am confident that this partnership between Goldman Sachs and Williams Capital will be highly successful,” stated Congressman Gregory Meeks.

Now serving in his sixth full-term, Meeks was elected to the House on February 3, 1998. Representing New York's Sixth Congressional District in the United States House of Representatives, Meeks' district covers all towns of Southeast Queens, Far Rockaway and Howard Beach. He is a member of the House Committee on Financial Services and the Committee on Foreign Affairs. Congressman Meeks is the Chairman of the International Monetary Policy & Trade Subcommittee of the House Financial Services Committee. He is a Member of the Congressional Black Caucus (CBC), New Democrats Coalition and the Democratic Leadership Council (DLC). He serves as the Co-chair of the Malaysia Caucus, Services Caucus, Dialogue Caucus, OAS Caucus and the Middle East Economic Partnership Caucus.