Liquid Holdings Group Inc. announced that Victor R. Simone, Jr. has been newly named as the Non-Executive Chairman of Liquid's Board of Directors, succeeding Brian Storms in that role. Mr. Storms remains as the CEO of Liquid as well as a member of its Board of Directors. Liquid also announced that Richard Schaeffer has resigned from the Board, effective immediately.

Simone has served as a Liquid director since March 2013.