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JOHN G. KINNARD NAMES MULVANEY AS NEW CHIEF EXECUTIVE OFFICER

 JOHN G. KINNARD NAMES MULVANEY AS NEW CHIEF EXECUTIVE OFFICER
 MINNEAPOLIS, Jan. 21 /PRNewswire/ -- John G. Kinnard & Company, a Minneapolis brokerage firm and subsidiary of Kinnard Investments, Inc. (NASDAQ: KINN), has announced the promotion of Thomas J. Mulvaney to chief executive officer. Mulvaney, who is currently president and chief operating officer of the firm, will assume his new position on March 1, 1992.
 The Kinnard Board of Directors has also promoted Stephen H. Fischer to chief executive officer of its Primevest (formerly Bankers Systems Brokerage Services, Inc.) subsidiary in St. Cloud.
 Robert R. Martin, chairman and chief executive officer of Kinnard Investments, Inc., currently holds these positions and will remain with the parent company.
 "Both Messrs. Mulvaney and Fischer are well qualified to be assuming these added responsibilities and we look forward to continued growth in their respective companies," Martin said.
 Martin, who joined Kinnard in 1990, will remain actively involved as chairman and CEO of Kinnard Investments, Inc.
 "With the doubling of our revenues and capital in the last two years we see many opportunities outside our two core companies for possible acquisitions, new services and other activities that will require more of my time.
 "We see the decade of the 90s as a time when the individual investor will be an active investor as many of them prepare for retirement, college planning for children, and estate planning, among other issues. We want to be positioned to provide them with a broad array of products and services," Martin added.
 Mulvaney is a long-time Kinnard employee, having joined the firm in 1973. He has served a number of positions, most recently as president and COO.
 "I look forward to my new role at Kinnard," said Mulvaney. "It's an exciting time to work at the firm, and a lot of credit should go to Bob Martin for his energy and insight the past two years. He will continue to play an important role for the parent company and we are very grateful for all the successes he has brought to the firm."
 Fischer came to Kinnard through the acquisition of Bankers Systems Brokerage Services, Inc. in October, 1990.
 John G. Kinnard & Company was founded in 1944 in Minneapolis and currently maintains 26 branch offices in eight states in the upper Midwest and West. They are a subsidiary of Kinnard Investments, Inc., which is a member of the Midwest Stock Exchange and publicly traded on the National Market System under the symbol KINN.
 -0- 01/21/92
 /CONTACT: Robert R. Martin of John G. Kinnard & Co., 612-370-2882/
 (KINN) CO: John G. Kinnard & Co., Kinnard Investments, Inc. ST: Minnesota IN: FIN SU: PER


KH -- MN004 -- 1704 01/21/92 10:18 EST
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Publication:PR Newswire
Date:Jan 21, 1992
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