Dean R. Murray, CFA

Mr. Dean Murray is founder and chief investment officer of Murray & Co. Asset Management, Ltd. Mr. Murray was formerly the Chief Investment Officer and Executive Director of the Texas Permanent School Fund (PSF), the largest public educational endowment in the US with $20 billion in assets at the time of his service to the fund. As Chief Investment Officer, Mr. Murray was responsible for managing the entire portfolio management process of the fund and developing specific investment strategies within the domestic equity, fixed income, and short-term money market asset allocations. During his tenure at the fund, Mr. Murray managed the security selection process at different times for various sectors of the fund and was further responsible for the implementing the overall asset allocation decisions of the fund and managing transitions across multiple portfolios involving internal and external investment managers.

Prior to joining the Permanent School Fund in 1991, Mr. Murray was retained in management consulting positions for two privately owned manufacturing firms. Additionally, he served as a Senior Vice President of Southwestern Commercial Capital, Inc., a private lending company located in Texas. From 1981-1985, Mr. Murray worked in the Dallas Institutional Equity Office of Dean Witter Reynolds, Inc., a major New York brokerage and investment banking firm he joined after obtaining his MBA from The University of Texas at Austin. Mr. Murray also has a bachelor's degree in finance from the University of Texas and has taught courses in corporate finance, banking and portfolio management in the College of Business Administration at UT - Austin.

Mr. Murray is a Chartered Financial Analyst charter holder and a member of the CFA Institute and the Austin Society of Financial Analysts. Mr. Murray has served on the boards of several non-profits in Austin and the Asset & Financial Management Task Force of the State Comptroller's e-Texas Commission.