Liquid Holdings Group Announces Appointment of Alan Guarino to the Board of Directors

NEW YORK, Oct. 30, 2014 (GLOBE NEWSWIRE) -- Liquid Holdings Group, Inc. (Nasdaq:LIQD), a provider of cloud-based investment management solutions for the financial community, announced that Alan Guarino will join its Board of Directors.

"We are pleased to announce that Alan Guarino will join our Board," said Brian Storms, CEO of Liquid. "Alan has a unique perspective as a vice chairman of Korn Ferry's Global Financial Services Practice. He brings a deep understanding of the importance of high-touch client experience and the impact of top talent in accelerating growth, together with extensive experience in the startup space, including the FinTech sector; public board experience; and expertise in corporate governance. In less than 10 years, Alan founded and grew a nationally top-ranked search firm, which he then successfully sold. It is that determination and innovative thinking that we are excited to welcome to Liquid."

"We conducted a comprehensive search for someone who would further strengthen our board's breadth of talent and background, and we are delighted to have identified such an outstanding individual," said Victor R. Simone, Jr., Chairman of the Board. "I am confident that Alan will make a positive impact on the company and we look forward to benefitting from his counsel."

Mr. Guarino currently serves as Vice Chairman of the Global Financial Services Practice at Korn Ferry, where he is responsible for ensuring that the Firm's largest client relationships have access to the full range of their human capital solutions. He also leads senior executive search and C-suite succession assignments for large Fortune 500 companies, as well as cutting edge FinTech companies within capital markets. His expertise spans indices, rating agencies, exchanges, clearing firms, technology/data/analytics, and processing companies.

Mr. Guarino previously founded Cornell International in 1993 and grew the business to a top-ranked executive search firm before selling to Adecco in 2003. Mr. Guarino remained with the company as senior vice president of Adecco North America and CEO of Cornell International, where he was in charge of the Cornell brand globally.

Mr. Guarino has also served as founding chairman of the board of Boy's Town of New York, president of West Point Society of New York, finance chairman of Capuchin Youth and Family Ministries, and as an advisory board member to MuSigma, Advanced Financial Applications, Inc., and FoundationSource, Inc. He currently chairs the Compensation Committee of The Chefs Warehouse, a NASDAQ-listed company.

He graduated from the United States Military Academy at West Point and earned his master's degree in business administration from Embry Riddle University while on active duty in the United States Army.

Mr. Guarino will replace Jay Bernstein, who has stepped down from the company's Board of Directors. Following the appointment of Mr. Guarino, the Board will comprise seven directors.

About Liquid Holdings Group

Liquid Holdings Group, Inc. (Nasdaq:LIQD) is a cloud-based technology and managed services provider to the global hedge fund and active trading markets. Liquid's solutions are delivered efficiently and securely through the cloud in a SaaS model. The Liquid platform was purpose built to manage the entire trade lifecycle by seamlessly integrating multi-currency, multi-asset trade order management and execution with real-time risk, portfolio management and shadow account reporting through a single solution. The Company offers the Liquid platform or any of its components on a subscription basis to hedge fund managers, asset managers, family offices and financial institutions worldwide. Liquid was recently named 2014 Best Global Risk Management Software Company and Best USA Global Risk Management Software Company by the readers of Hedgeweek, as well as 2014 Best Cloud Provider and Best Fin Tech Operations Startup by FTF News.

Headquartered in New York City, Liquid Holdings Group was formed in 2012. For more information, please visit www.liquidholdings.com.

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Source:Liquid Holdings Group, Inc.