National Investment Banking Association Announces New Officers and Board Members

ATHENS, Ga.--(BUSINESS WIRE)--The National Investment Banking Association (NIBA) today announced the appointment of new officers and the election of three new members to its rotating nine-member Board of Directors which will provide leadership to the organization for the 2011 calendar year.

Key officer appointments include returning board member Jeffrey Manton Johnson of Atlanta being elected to serve as the new Chairman of the Board, and James Hock of Hanover International, Inc. being named Secretary/Treasurer.

Other returning board members are:

• Gerald Adler, Guzov Ofsink, LLC
• Vicky Barone, GVC Capital, LLC
• Patrick Power, J.P. Turner & Company, LLC; and
• Erick Paulson, Paulson Investment Company

Newly elected board members are:

• Carlo Corzine, Buckman, Buckman & Reid;
• Michael Scilia, ASG Securities; and
• Lynne Bolduc, Oswald & Yap

NIBA recognized the efforts of 2009-10 Chairman Keith Boyd, as well as that of Juan Ferreira of Merrimac Corporate Securities and Doug Aguililla of Newbridge Securities.

New Chairman Jeffrey Johnson stated, “Regulatory changes in the form of the Dodd-Frank Wall Street Reform and Consumer Protection Act and shifting market dynamics are redefining how companies access essential growth capital to be able to deliver new products and services, build facilities for growth and promote job creation in our local economies. This is where the professional members of NIBA fill their most valuable role and where NIBA will continue to carry the banner for our industry. In 2011, NIBA intends to remain squarely focused on strengthening our power base through membership expansion and leveraging this base to command due attention to our concerns, ideas and the issues confronting our industry and the emerging growth companies we endeavor to serve.”

About National Investment Banking Association (NIBA)

NIBA is the only national not-for-profit trade association serving and offering membership to regional and independent FINRA Member investment banking firms, boutique corporate finance outfits and specialized investment brokerages, along with providing valuable services to its Associate Members, which includes institutional investors, hedge fund managers, securities attorneys, CPAs, regulatory consultants and other domestic and international Industry professionals.

Since its inception, NIBA member firms have successfully completed nearly 1000 equity offerings totaling approximately $10 billion in new capital for America's finest emerging growth companies. The member firms of NIBA represent over 8000 registered representatives with an estimated $78 billion in assets under management, and are responsible for 90% of all Initial Public Offerings under $20 million. For more information, please visit www.nibanet.org. You can also follow NIBA updates on Twitter @NIBAnet.