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Dallas Fed Appoints Marcus Watts to Houston Branch Board

For immediate release: January 29, 2014

DALLAS—The Federal Reserve Bank of Dallas has appointed Marcus A. Watts to its Houston Branch board of directors. He fills an unexpired portion of a three-year term ending Dec. 31, 2014.

Watts is president of Houston-based The Friedkin Group, Inc., an umbrella company overseeing business interests that are principally automotive related, including Gulf States Toyota, Inc.

As a board member, Watts provides input into regional economic conditions as part of the Federal Reserve’s monetary policy functions.

Watts serves on the boards of Service Corporation International and Highland Resources, Inc.

He also serves on the boards of the Greater Houston Partnership and the YMCA of Greater Houston. He is a member of the board of trustees for United Way of Greater Houston and on the executive committee for the Society for the Performing Arts.

Watts earned a bachelor’s degree in mechanical engineering from Texas A&M University and a law degree from Harvard University.

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