National Holdings Corporation Announces Round of Executive Promotions
July 20 2018 - 12:40PM
National Holdings Corporation (NASDAQ:NHLD) (“National” or the
“Company”), a leading full-service independent brokerage,
investment banking, trading, insurance, accounting and asset
management firm, today announced the following executive
promotions:
- Glenn C. Worman has been appointed President in addition to
currently serving as Chief Financial Officer of National Holdings
Corporation
- John C. DeSena will assume the role of Chief Operating Officer
of National Holdings Corporation
- Thomas Kowalczyk has been promoted to Chief Executive Officer
of National Asset Management, Inc., a subsidiary of National
Holdings Corporation
"These well-deserved promotions streamline the company’s
reporting structure, improve the efficiency of our growing
organization and continue to advance National's position within our
industry," says Michael Mullen, Chairman and CEO of National
Holdings Corporation. “Glenn, John and Tom have been instrumental
in making National the dynamic organization we are today. Their
dedication, performance and trusted partnership make them
invaluable members of the senior leadership team.”
Glenn Worman assumes this role after Michael Mullen, CEO and
former President, became Chairman of the company’s Board of
Directors in June. Mr. Worman had served as the company’s COO since
2015 and CFO since 2016, and he will continue to serve as a
Director on the Boards of National Holdings Corporation’s operating
companies: National Asset Management, Inc., National Insurance
Corporation and Gilman Ciocia Tax & Financial Planning. Prior
to joining National, Mr. Worman held various senior financial
positions at ICAP plc, Deutsche Bank, Morgan Stanley and Merrill
Lynch.
John DeSena was promoted to Chief Operating Officer of National
Holdings Corporation in addition to his existing role as Corporate
Secretary to the Board of Directors for National Holdings. He
will continue to serve as a Director on the National Insurance
Corporation’s Board. Before coming to National in 2016, Mr. DeSena
was the Chief Operating Officer for Group Technology &
Operations, the Head of Operational Excellence for the Americas,
and Head of Americas Finance Infrastructure at Deutsche Bank. At
Merrill Lynch, Mr. DeSena served as Head of Global Markets &
Investment Banking Financial Planning and Analysis, and Chief
Financial Officer of Americas Investment Banking.
Thomas Kowalczyk has been promoted to Chief Executive Officer of
National Asset Management and Executive Vice President of
Investment Solutions at National Securities Corporation. Michael
Mullen remains Executive Chairman of National Asset Management.
Michael Mullen states, “In his new role, Tom and his team will
continue to lead National Asset Management toward our goal of being
the top independent advisory platform in the industry.” Mr.
Kowalczyk has held senior management roles with several Independent
Broker-Dealers and Registered Investment Advisor firms.
About National Holdings CorporationNational
Holdings Corporation (NASDAQ:NHLD) is a full-service investment
banking and asset management firm that, through its affiliates,
provides a range of services, including independent retail
brokerage and advisory services, investment banking, institutional
sales and trading, equity research, financial planning, market
making, tax preparation and insurance, to corporations,
institutions, high net-worth and retail investors. With over 1,000
advisors, registered reps, traders, sales associates and corporate
staff, National Holdings operates through various subsidiaries
including National Securities Corporation, National Asset
Management, Inc., National Insurance Corporation, Gilman Ciocia,
Inc. and GC Capital Corporation. Formed as a holding company
in 1999, National Holdings’ largest subsidiary National Securities
Corporation has been in business since 1947. National Holdings is
headquartered in New York and Florida. For more information, visit
www.nhldcorp.com. Fortress Biotech, Inc. (NASDAQ:FBIO) through its
affiliate FBIO Acquisition, Inc., is a majority shareholder of
NHLD.
FORWARD-LOOKING STATEMENTSThis press release
may contain certain forward-looking statements. Any such
statements, other than statements of historical fact, are based on
management’s current expectations, estimates, projections, beliefs
and assumptions about National Holdings, Inc., its current and
prospective portfolio investments, and its industry. These
statements are not guarantees of future performance and are subject
to risks, uncertainties and other factors, some of which are beyond
National Holdings, Inc.’s control, difficult to predict and could
cause actual results to differ materially from those expected or
forecasted in such forward-looking statements. Actual developments
and results are likely to vary materially from these estimates and
projections as a result of a number of factors, including those
described from time to time in National Holdings, Inc.’s filings
with the Securities and Exchange Commission. Such statements speak
only as of the time when made, and National undertakes no
obligation to update any such forward-looking statements, whether
as a result of new information, future events, or otherwise, except
as required by law.
CONTACTS:
MEDIA CONTACTEric Hazard for
National917-765-8720national@fullyvested.com
INVESTOR RELATIONSEmail:
ir@nhldcorp.com
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