FCStone, LLC Appoints Richard Hall-Reppen Executive Vice President and Head of Sales for Clearing and Execution Services
July 06 2010 - 2:22PM
FCStone, LLC (FCStone), a part of International Assets Holding
Corporation (INTL) (Nasdaq:IAAC), today announced that it has
appointed Richard Hall-Reppen as Executive Vice President and head
of sales for its Clearing and Execution Services division.
In his new role, Hall-Reppen will be responsible for marketing
FCStone's global clearing and execution services in futures and FX
Prime Brokerage to professional asset managers and traders,
including Commodity Trading Advisers (CTAs), hedge funds and other
institutional investors.
He also will be responsible for FCStone's Futures Direct, which
provides clearing and execution services in futures, options on
futures and Forex markets to professional traders, money managers
and Introducing Brokers (IBs).
Hall-Reppen, 52, joins FCStone from RBC Capital Markets, where
he was co-leader of the Futures and Base Metals Group. Prior to
RBC, he held senior management positions over a 25-year period at
First Chicago Futures and Banc One Capital Markets.
"Rich joins us at a time of tremendous growth for our
organization," commented Pete Anderson, President of International
Assets Holding Corporation. "We recently established a new and
expanded 24-hour institutional trading desk, and are in the process
of enhancing our client-service capabilities in our offices in
Chicago, New York, London, Singapore, Sydney and Dubai. Rich
has the industry experience and expertise to build on these new
initiatives with our global client base and help us achieve even
greater growth in the years ahead as we continue to explore new
geographic regions and areas of opportunity.
"I'm joining this company at a very exciting time in its
history," Hall-Reppen said. "In the year following INTL's
merger with FCStone Group, the combined company has demonstrated
its ability to operate more effectively than ever before on a
global stage. We offer a superior level of service and
flexible solutions in a marketplace that we believe is underserved
by our competitors, and I believe that the opportunities for
continued growth are very substantial."
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 includes forward-looking statements including
statements regarding the combined company. 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, are intended to
identify forward-looking statements.
These forward-looking statements are based largely on current
expectations and projections about future events and financial
trends that may affect the financial condition, results of
operations, business strategy and financial needs of the combined
company. They can be affected by inaccurate assumptions,
including the risks, uncertainties and assumptions described in the
filings made by International Assets 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.
These forward-looking statements speak only as of the date of
this press release. International Assets undertakes 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: FCStone, LLC
Michael Antman
1-847-636-2715
michael.antman@fcstone.com
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