AUSTIN (August 6, 2012)—Former President George W. Bush’s nephew George P. Bush has been named deputy finance chairman of the Republican Party of Texas.

In a statement Monday, party chairman Steve Munisteri called Bush "a relatively young, dynamic, intelligent, and articulate leader."

Bush, 36, the eldest of the three children of former Florida Gov. Jeb Bush co-founded Austin-based Pennybacker Capital, a real estate private equity firm.

Bush is on the board of directors of Hispanic Republicans of Texas, a nonprofit dedicated to electing Republican Hispanic candidates around the state.

He has been involved in several past fundraising efforts for conservative causes and other organizations.

Bush is also co-founder of Maverick PAC, a political action committee working to engage next-generation GOP leaders from business, politics and law.