International Assets Holding Corporation Names Pete Nessler President of FCStone, LLC
November 03 2010 - 12:53PM
International Assets Holding Corporation (INTL) (Nasdaq:IAAC) today
announced that Pete Nessler has been named President of FCStone,
LLC, a wholly owned subsidiary of INTL.
Nessler, who has more than 25 years of commodity risk management
experience, will now be responsible for the management of FCStone,
LLC, its global network of risk management consultants and its
suite of risk management solutions. Additionally, he will be
responsible for identifying and executing synergies and sales
opportunities throughout the INTL FCStone family of companies.
Pete Anderson, President of INTL, said, "From the time INTL
acquired FCStone and through all the subsequent acquisitions, Pete
has consistently stepped up to maximize the value of each
acquisition to us and to our customers. Pete's leadership is a
great advantage as we continue to grow the company around the
globe."
Pete Nessler added, "We have assembled a tremendous network of
people and services for our customers this last 12 months. I think
that the opportunities for this company are virtually limitless,
and I am delighted at this opportunity to take on this expanded
range of responsibilities."
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 Holding Corporation 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 Holding Corporation
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: International Assets Holding Corporation
Bill Dunaway
866-522-7188
bdunaway@intlassets.com
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