National Announces Expansion of Capital Markets Team
NEW YORK, NY, August 20, 2018 – 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 expansion of its Capital Markets team in Boston:
- Mark Berube has joined as Senior Vice President, Institutional Equity Sales
- Thomas Durkin has also joined as Senior Vice President, Institutional Equity Sales
Together, Mr. Berube and Mr. Durkin will be integral to National’s continued expansion of its capital markets business and geographic presence.
Michael Mullen, Chairman and Chief Executive Officer of National stated, “We are extremely pleased to have Mark and Tom join our team. From our new Boston office, they will be integral in growing National’s capital markets business. Mark and Tom will have an immediate impact by adding key buy-side relationships and enhancing our core institutional competencies.
Mr. Mullen added, “Biotechnology, Life Sciences, REITs and BDCs are the largest segments of our banking business. As National continues to evolve, expanding our corporate footprint into Boston is the natural next step for us. We welcome both Mark and Tom to the National family!”
About Mark Berube
Mark Berube joins National Securities after serving as a Vice President at Drexel Hamilton, where he worked with Thomas Durkin to establish the company’s Boston regional trading desk. Before this, Mr. Berube was a Managing Director at GL Capital Partners, where he managed sales and business development for the emerging asset manager. Over the course of his career, Mr. Berube has also held senior management positions at Weeden & Co., Think Equity, Leerink Swann & Co., and Bear Sterns & Co. Mr. Berube received his B.A. from Skidmore College and holds his Series 7, 55, 63 and 65 licenses.
About Thomas Durkin
Prior to joining National, Thomas Durkin was a Vice President at Drexel Hamilton, where he worked with Mark Berube to open the Boston regional trading desk for the company. Mr. Durkin also held a Director position at Avondale Partners. Prior to this, Mr. Durkin spent 10 years at Wedbush/Pacgrow Life Sciences, where he recruited and opened the firm’s first regional equity trading desk in Boston. He also held senior roles at BB&T Capital Markets, Weeden & Co. and State Street Bank & Trust, where he was a key member of each firm’s equity trading team. Mr. Durkin received his Master of Science in Finance from Suffolk University and his B.A. in Economics from the University of Massachusetts. He holds his Series 7, 55 and 63 licenses.
About National Holdings Corporation
National 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.nhld.com. Fortress Biotech, Inc. (NASDAQ: FBIO) through its affiliate FBIO Acquisition, Inc., is a majority shareholder of NHLD.
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 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.
Eric Hazard for National