National Holdings Corporation Announces Expansion of National Securities Corporation Team

NEW YORK, NY, August 9th, 2017 – 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, today announced the expansion of the National Securities team with two key hires.

Mr. Jeffrey Sacher joins National Securities Corporation as a Senior Managing Director of OPN Capital Markets, the Healthcare Investment Banking Division of National Securities.  Previously, Mr. Sacher served as a Senior Banker at Goldman Sachs, Needham & Co, Aegis Capital and Brean Capital. In addition, Mr. Sacher was the Chief Financial Officer for ViaCell, a stem cell company sold to PerkinElmer. He is a graduate of Cornell University with a degree in Biology and Northwestern’s Kellogg Graduate School of Management.

Mr. Gregory Kouvelas joins National Securities Corporation as a Senior Managing Director of Technology Investment Banking.  Previously, Mr. Kouvelas served as a Senior Banker at Wunderlich Securities, Seven Hills Partners, ING and Robertson Stephens.   In addition, Mr. Kouvelas also has experience as a consultant at Andersen Consulting (Accenture) Strategic Services Group and an executive at a Silicon Valley software startup.   Mr. Kouvelas earned an MBA in Finance from the University of Chicago Booth School of Business and an AB from Harvard University.

David C. Levine, Chief Executive Officer of National Securities & National Asset Management stated, “We are pleased to announce the expansion of our team with these new hires.  As seasoned professionals, both Mr. Sacher and Mr. Kouvelas bring a wealth of experience and knowledge in their respective fields and help broaden the geographic reach of our company.”  Mr. Levine continued, “These additions will enable National to offer new high quality investment opportunities to investors as well as provide greater capital raising capabilities for issuers. As we continue to grow our business, we welcome these talented individuals to our team.

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 1,100 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 1996 and is headquartered in New York and Florida. For more information, visit


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.


National Holdings Corporation:
Michael Mullen, Chief Executive Officer
Telephone: +1 212-417-8055

Investor Relations:
Telephone: +1 212 554 4351