Doug Wang joins Policy Matters board
Posted on 07/06/15A proven leader in business and non-profit sector will help guide policy institute. During a career in banking and finance, Doug Wang was something of an anomaly in terms of his politics. Unlike many conservatives in the field, Doug is a social progressive with a deep commitment to helping poor people. “I have always had an interest in progressive politics,” he said. “Hey, I’m a Clevelander. I’m underdog-driven, I guess.” Doug’s strong credentials in business and the non-profit sector, and his advocacy for working families, health care, public education and social services, led to his appointment as the newest member of the Policy Matters Ohio Board of Directors. Doug joins the Policy Matters board to help the non-profit, non-partisan policy research institute fight for a vibrant, equitable, sustainable and inclusive Ohio. “Doug is a smart, committed leader with deep insight into our community.” said Amy Hanauer, Executive Director of Policy Matters. “We are incredibly grateful that he is willing to serve on our board of directors.” He is also chair of board of the Saint Luke’s Foundation, which supports programs to improve health and well-being in Greater Cleveland; a member of the Cuyahoga County Board of Health; a partner of Cleveland Social Venture Partners and a member of the Rainey Institute and Judson boards. He serves as a trustee of the Shaker Schools Foundation. Doug retired in 2011 as a Senior Vice President of Northern Trust Bank. He was a founder of Lakepoint Investment Partners, where he served as a portfolio manager and partner for 12 years before the sale of the firm to Northern Trust in 2008. He also held top finance positions at Stein Roe & Farnham, American Asset Management and First Boston Corporation. Retirement has allowed Doug to pursue his interest in nurturing socially progressive policies. He said he is concerned that political ideology, rather than good policy, is driving important decisions at the state level. The notion that tax and budget cuts stimulate the economy, for example, is misguided. “I’d like to think we’d be more evidence-based than that,” he said. Doug and his wife, Holly, have four grown children and live in Shaker Heights.