IAAC International Assets Holding Corp. (MM)

International Assets Holding Corporation (Nasdaq:IAAC) today announced that three senior banking executives have joined its Dubai-based wholly-owned subsidiary, INTL Commodities DMCC, as part of an ongoing initiative to strengthen INTL-FCStone's capabilities in the Middle East, Africa and the Indian sub-continent.

The three executives, Rafik Seedat, Martin Ian Gordon and Nanik Ramchandani, all have substantial experience in banking and commodity risk management. They will be based in the Company's offices located in the Dubai Multi-Commodity Centre Free Zone, where they will develop and execute commodity risk management and advisory services to corporate and institutional customers and governments in the region.

Prior to joining INTL, Seedat, 47, was director of investments, products, and research for Mashreq Bank, where his clients included many of the largest corporations in the GCC (Gulf Cooperation Council) region. He also has served as a senior executive for Credit Suisse, Societe Generale/FIMAT, ABN AMRO Bank and Merrill Lynch International in Dubai, and Sterling Asset Management/James Capel in London.

Gordon, 39, has worked in Dubai, London, and Singapore, and most recently served as a Senior Relationship Manager/Vice President at Credit Suisse Private Banking in Dubai. He also has served in senior roles at ABN AMRO, Citibank and Deutsche Bank.

Ramchandani, 37, was the director of investment strategy and research for Mashreq Private Banking before joining INTL, and also has served as head of investment advisory for the Middle East regional representative office of Societe Generale Private Banking and as a discretionary portfolio manager for the Middle East team of Lombard Odier in Geneva.

"We believe that the addition of these three individuals will greatly strengthen our capabilities in the region by adding expertise, experience and customer relationships," noted Sean O'Connor, Chief Executive Officer of International Assets Holding Corporation. 

Jeff Rhodes, Chief Executive Officer of INTL Commodities DMCC, added, "This development marks the next stage of the company's long-term strategy to become a leading commodities service provider in the Middle East, Africa and the Indian sub-continent, building on the success of its physical gold-trading business in the region."

The new team will focus on providing risk-management advisory and execution services in precious metals, energy products and food-related commodities, utilizing its expertise in the physical markets, OTC, futures and options. 

About International Assets Holding Corporation

International Assets Holding Corporation (INTL) provides execution and advisory services in commodities, currencies, and international securities. INTL's businesses, which include the commodities advisory and transaction execution firm FCStone Group, serve more than 10,000 commercial customers in more than 100 countries through a network of offices in eleven countries around the world. Further information on INTL is available at www.intlassets.com.

Forward-Looking Statements

This press release may include forward-looking statements regarding, among other things, our plans, strategies and prospects, both business and financial. All statements other than statements of current or historical fact contained in this press release are forward-looking statements. The words "believe," "expect," "anticipate," "should," "plan," "will," "may," "could," "intend," "estimate," "predict," "potential," "continue" or the negative of these terms and similar expressions, as they relate to International Assets Holding Corporation and FCStone Group, Inc., are intended to identify forward-looking statements.

We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. They can be affected by inaccurate assumptions, including the risks, uncertainties and assumptions described in the Company's filings with the Securities and Exchange Commission. In light of these risks, uncertainties and assumptions, the forward-looking statements in this press release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. When you consider these forward-looking statements, you should keep in mind these risk factors and other cautionary statements in this press release.

Our forward-looking statements speak only as of the date of this press release. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements.

CONTACT:  International Assets Holding Corporation

          Investor Inquiries:

          Bill Dunaway, Chief Financial Officer

          bdunaway@intalassets.com

          INTL Commodities Dubai DMCC

          Media Inquiries:

          Jeff Rhodes, Chief Executive Officer

          jrhodes@intlassets.com