International Assets Holding Corporation Appoints Fabio Solferini as Head of Its Brazilian Operations
August 18 2010 - 12:38PM
International Assets Holding Corporation ("INTL") (Nasdaq:IAAC)
today announced that it had appointed Fabio Solferini as head of
its Brazilian operations, currently conducted through its wholly
owned subsidiary, FCStone do Brasil Ltda.
Solferini, who was with the Standard Bank group in Brazil from
1998 until earlier this year, established and headed up its
successful investment bank based in Sao Paulo. He has previously
worked with many of INTL's senior executives and will be
responsible for heading up INTL's operations in Brazil – an
important long-term strategic initiative for INTL, given the size
of Brazil's economy and its large agricultural sector.
FCStone do Brasil Ltda. has had a presence in Brazil for
approximately six years and is active there in agricultural
commodities and energy, operating from offices in Campinas. INTL
has recently opened an office in the city of Sao Paulo and expects
to open additional offices as opportunities arise.
"I am delighted to be working with Fabio again," said Sean
O'Connor, CEO of INTL. "He is one of Brazil's most respected
investment bankers and brings with him a wealth of experience and
connections. Brazil currently offers us major opportunities to
expand. I am confident that Fabio will be able to take full
advantage of this enormous potential."
"INTL is an entrepreneurial company," said Solferini, "that has
the right approach to seize the opportunities presented by Brazil's
developing economy. I believe that its customer-driven focus,
familiarity with emerging markets and the range of services it
provides will make it a formidable competitor in the Brazilian
markets."
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: International Assets Holding Corporation
Sean O'Connor
212-485-3510
soconnor@intlassets.com
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