SYDNEY, Australia, Oct. 20, 2009 (GLOBE NEWSWIRE) -- International Assets Holding Corporation's (Nasdaq:IAAC) wholly owned subsidiary FCStone Group, Inc. today announced the expansion of its Australian operations with the opening of its new headquarters office in Sydney
International Assets Holding Corporation's wholly owned subsidiary FCStone had previously acquired the Elders Risk Management business, an Australian company that provided risk-management services in agricultural commodities, in January 2009, and today officially opened its new Sydney-headquartered operations.
"We are very excited about our new Australian operations focusing on the agricultural commodity sector, especially since the deregulation of Australian wheat exports," said Pete Anderson, CEO of INTL FCStone Inc., who presided at the grand opening of the Sydney headquarters. "Ed Jernigan, formerly CEO of our Globecot operations, will be spearheading this expanding initiative and is relocating to Sydney. As an expert in the Australian cotton industry for many years, Ed's commodity roots run deep, and we consider him ideally suited for this assignment."
"We are delighted to have our company leadership here and excited to be expanding the focus of our operations in Australia. We look forward to offering comprehensive risk management services to the Australian agricultural and commodity sector," said Jernigan.
About International Assets Holding Corporation
International Assets Holdings 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. Further information on FCStone Group can be found at www.fcstone.com.
Forward Looking Statements
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