New York-listed Westwood Holdings Group has hired Mark Wallace as chief financial officer, succeeding Bill Hardcastle, who will focus on the growth of the firm's domestic and international fund business.

Wallace previously served as CFO, among other financial leadership positions, for an S&P 500 real estate investment trust. The firm said he is "highly experienced" in dealing with complex SEC reporting issues, capital markets, global tax and treasury matters, mergers and acquisitions, and technology solutions.

Hardcastle, who was Westwood's CFO for seven years, will also provide leadership in other corporate development and strategic initiatives.

Based in Dallas, TX, Westwood Holdings Group provides investment management services to institutional investors, private wealth clients and financial intermediaries. The firm also has offices in Omaha and Toronto.