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NFP Announces Marshall A. Heinberg Joins Board Of Directors

NEW YORK, May 24, 2012 /PRNewswire/ -- National Financial Partners Corp. (NYSE: NFP), a leading provider of benefits, insurance and wealth management services, today announced that at its Annual Meeting of Stockholders, held yesterday, Marshall A. Heinberg, Head of the Investment Banking Department of Oppenheimer & Co. Inc. ("Oppenheimer"), was elected to NFP's Board of Directors. In addition, all existing members of NFP's Board that were standing for reelection were reelected.  NFP's Board of Directors consists of eight directors, including six independent directors.  

(Logo: http://photos.prnewswire.com/prnh/20100920/NY67494LOGO )

Commenting on today's announcement, Jessica M. Bibliowicz, chairman and chief executive officer, said, "We are pleased to welcome Marshall Heinberg to NFP. Marshall brings unique expertise regarding financial matters which will make him a valuable addition to our Board."  

Commenting on his election to NFP's Board of Directors, Mr. Heinberg said, "I am honored to join NFP's Board, and I look forward to working with the management team and other Board members to continue to build on NFP's success."

Mr. Heinberg has served as the Head of the Investment Banking Department of Oppenheimer since January 2008.  Mr. Heinberg began his investment banking career in 1987 in the Corporate Finance Division of Oppenheimer & Company, which was acquired by the Canadian Imperial Bank of Commerce ("CIBC") in 1997.  In 2001, Mr. Heinberg was named Head of CIBC's US Investment Banking Department and in 2008, CIBC's US capital markets business was acquired by Oppenheimer.  Prior to joining Oppenheimer, Mr. Heinberg practiced corporate law.  Since 2010, he has also served as a director of Image Entertainment, Inc. and Universal Biosensors Inc.

Members elected to NFP's Board of Directors are:  Jessica M. Bibliowicz , Chairman and Chief Executive Officer, NFP  Stephanie W. Abramson , Dean, Executive Education and Graduate Professional Studies New York University - Shanghai   Patrick S. Baird , Retired Chief Executive Officer, AEGON USA, LLC  R. Bruce Callahan , Chairman Emeritus, NFP Insurance Services, Inc.  John A. Elliott , Dean, Zicklin School of Business, Baruch College, The City University of New York   J. Barry Griswell , Chief Executive Officer Community Foundation of Greater Des Moines and Retired Chairman and Chief Executive Officer, Principal Financial Group, Inc.   Marshall A. Heinberg , Head of the Investment Banking Department of Oppenheimer & Co. Inc.   Kenneth C. Mlekush , Retired Vice Chairman of Jefferson-Pilot Life Insurance Company

Additionally, the Company's stockholders voted in favor of all other items of business on the Annual Meeting agenda, including the advisory vote on executive compensation.

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