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RAYMOND E. WOOLDRIDGE ELECTED CHAIRMAN OF NSCC BOARD

 NEW YORK, May 11 /PRNewswire/ -- The board of directors of the National Securities Clearing Corporation (NSCC) recently elected Raymond E. Wooldridge as it chairman. Mr. Wooldridge is president, chief operating officer, and a director of Southwest Securities Group, Inc. He is also president of the company's principal subsidiary, Southwest Securities, Inc.
 "Ray Wooldridge has brought a wealth of industry knowledge and experience to the NSCC board, said David M. Kelly, president and CEO. "His leadership as chairman will be a great asset as the industry continues to expand."
 Mr. Wooldridge has been a participant director of NSCC since 1990, and served on various committees, including executive, finance & audit, and membership.
 He is an allied member of the New York Stock Exchange and a member of the NYSE Regional Firms Advisory Committee. He is also a former chairman of the NASD District 6 Committee, president on the Texas Stock and Bond Dealers Association, and a former director of the Securities Industry Association.
 Mr. Wooldridge is a graduate of Washington & Lee University. He is married with four children.
 NSCC's 18-member board is made up of 14 participant directors elected from participating brokers, dealers and banks, NSCC's president and three shareholder directors, who represent the New York and American Stock Exchanges and the National Association of Securities Dealers Inc.
 National Securities Clearing Corporation, established in 1976, is the nation's leading provider of centralized clearance and settlement services for equities, bond and mutual funds transactions. International Securities Clearing Corporation (ISCC), a subsidiary of NSCC, provides clearance and settlement services to U.S. brokers trading in overseas markets, and Government Securities Clearing Corporation (GSCC), an NSCC affiliate, provides clearance and settlement services to dealers and banks trading in government securities.
 Southwest Securities Group, Inc., is a Dallas-based holding company which, through its subsidiaries, provides fully disclosed clearing, securities brokerage, investment banking, money management and trust services to brokers, dealers, individuals, municipalities, corporations and institutions across the country.
 -0- 5/11/93
 /CONTACT: Stuart Z. Goldstein of National Securities Clearing Corporation, 212-412-8472/


CO: National Securities Clearing Corporation ST: New York IN: FIN SU: PER

KD-SM -- NY074 -- 7166 05/11/93 15:09 EDT
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Publication:PR Newswire
Date:May 11, 1993
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