National Holdings Corporation Announces Key Additions to Management Team

NEW YORK, Nov. 28, 2017 (GLOBE NEWSWIRE) -- National Holdings Corporation (NASDAQ:NHLD) (“National” or the “Company”), a leading full service independent brokerage, investment banking, trading and asset management firm providing diverse services including tax preparation, today announced the addition of three new key employees to National Securities Corporation and National Asset Management, Inc.

Donald Runkle has joined as Executive Vice President & Chief Supervisory Officer, Robert Bowman as Managing Director & National Sales Manager, and Thomas Kowalczyk as Managing Director of Investment Solutions.

Michael Mullen, Chief Executive Officer of National Holdings Corporation stated, “Our management team’s hard work this past year has begun to be recognized in the industry. This is evidenced by the caliber of leadership and experience in the new additions to our team. Each new member brings a unique skill set that we believe will be highly impactful to the continued success of our firm. I look forward to closely working with each of them as we continue to grow and build the National brand into a leader in the industry.”

About Donald Runkle

Donald Runkle has joined as Executive Vice President & Chief Supervisory Officer of National Securities Corporation and National Asset Management. Previously, Mr. Runkle was the Director of Consulting Services with Freeman Mathis & Gary, LLP, and the Regulatory Compliance Director for Coordinated Capital Securities. Before this, Mr. Runkle spent over twenty years at Raymond James Financial Services Inc. and was the firm’s longtime Chief Compliance Officer. Mr. Runkle currently serves on the FINRA Membership Committee, and the FINRA District 7 Committee. He has also served on the FINRA Regulatory Advisory Committee, the SIFMA Compliance and Regulatory Policy Committee, the FSI Compliance Council, and the SIFMA Compliance and Legal Society’s Regional Firms Committee. Mr. Runkle received his B.S. from the University of South Florida and holds his Series 7, 24, 53, 4, 63, 65, licenses and previously obtained the Florida Life and Health insurance license. He also completed the Securities Industry Institute at the University of Pennsylvania Wharton School in 2004, and he has been a FINRA arbitrator since 1998.

About Robert J. Bowman

Robert Bowman has become the Managing Director & National Sales Manager of National Securities Corporation and National Asset Management. Previously, Mr. Bowman was Partner and Managing Director of Snowden Lane Partners. In addition, Mr. Bowman spent 31 years at Merrill Lynch beginning as a financial advisor and subsequently was Regional Director of the Mid-Atlantic Region (overseeing 1,000 financial advisors and more than $100 billion in client assets), National Sales Manager and he also ran a number of complex offices throughout the Mid-Atlantic region. He was Chairperson of the Directors’ Advisory Council to Management, was on the firm’s Product Development Committee, and had responsibility for coordinating the non-resident client segment for U.S. Wealth Management. Mr. Bowman received his B.S. from Saint Joseph’s University. Mr. Bowman holds his Series 3, 7, 8 (9/10), 63 and 65 licenses.

About Thomas Kowalczyk

Thomas Kowalczyk is the new Managing Director of Investment Solutions of National Securities Corporation and National Asset Management. Previously, Mr. Kowalczyk was with several Independent Broker-Dealers and Registered Investment Advisory (RIA) firms in senior management roles, most recently as the Senior Vice President of Advisory Services for a privately held Texas company. He has over a decade of experience working in the RIA space and leads all day-to-day activities for National’s $1.4B+ RIA and various retail product lines. Mr. Kowalczyk is a graduate of Boise State University and has an M.B.A. in Financial Management from the City University of Seattle. Mr. Kowalczyk holds his Series 7, 24 and 66 licenses.

About National Holdings Corporation

National Holdings Corporation is a full-service investment banking and asset management firm that provides a range of services, including independent retail brokerage and advisory services, investment banking, institutional sales and trading and equity research, financial planning, market making, tax preparation, insurance and annuities, to corporations, institutional investors and high net-worth clients. With over 1,000 independent advisors, registered reps, traders, sales associates and corporate staff, the Company is a leading Independent Advisor and Broker services company. National operates through five subsidiaries: National Securities Corporation, vFinance Investments, Inc., National Insurance Corporation, National Asset Management, Inc. and Gilman Ciocia, Inc. The Company’s National Securities subsidiary was founded in 1947. National was organized in 1999 and is headquartered in New York and Florida. For more information, visit www.nhldcorp.com.

FORWARD-LOOKING STATEMENTS

This 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 the Company, 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 the Company’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’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:

National Holdings Corporation:
Michael Mullen, Chief Executive Officer, email: mm@nhldcorp.com,
Telephone: +1 212-417-8055

Investor Relations:
Email: ir@nhldcorp.com,
Telephone: +1 212 554 4351

Source:National Holdings Corporation