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Gold/Mining/Energy : INTL FCStone Inc
INTL 28.12-0.6%Oct 30 5:00 PM EST

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To: IngotWeTrust who started this subject8/20/2003 8:55:33 PM
From: pineboxRead Replies (1) of 31
 
Found this for your new thread gt.
International Assets Commences Precious Metals Trading
Tuesday August 19, 11:41 am ET

ALTAMONTE SPRINGS, Fla.--(BUSINESS WIRE)--Aug. 19, 2003--International Assets Holding Corp. (the "Company") (Nasdaq:IAAC - News) today announced that it has recruited two experienced professionals to start a precious metals trading business. The addition of a niche customer orientated precious metals trading capability was identified as a strategic initiative at the beginning of the year. INTL will focus on providing the full range of spot, forward and over-the-counter options products to small and medium sized producers, consumers and recyclers of gold, silver and platinum.
Carmen Neckles has over 15 years experience in all aspects of the precious metals trading business and brings long standing relationships with producers and traders to INTL. Carmen was previously at Standard Bank for 8 years and prior to that at Mace Westpac for 8 years which was acquired by Republic. Carmen will be based in Orlando.

Michael Weissman has over 18 years experience in trading precious metals with a focus on trading options. Michael spent 5 years at Standard and prior to that was with Goldman Sachs, Salomon Brothers, and Lehman Brothers on the commodities options desk. Michael will be based in New York and responsible for trading spot, forwards and options.

Sean O'Connor CEO, said: "We are extremely fortunate to have two highly experienced professionals who were part of the team that established Standard Bank as a player in this business. This is a niche trading business which fits the strategic direction laid out for INTL and will help diversify and grow our revenues and earnings."

pinebox
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