Guess an 18month update is warranted...
October 3, 2005 - 9:00 AM EDT
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IAAC 8.80 N/A
International Assets Expands Metals Trading
International Assets Holding Corporation (Nasdaq:IAAC) (the "Company") today announced that it had recruited a base metals trading team to complement the existing precious metals trading business.
The Company has recruited
Bill Silverstein,
Tom Gramlich and
Steve Springer
who have all worked together for many years and have more than 80 years combined industry experience. They bring with them long-standing relationships with consumers, producers and traders and access to a strong presence in China, a key long-term market for base and precious metals. Initially focus will be on the physical lead business, a niche business the team has been involved in for many years, and thereafter other base metals.
Sean O'Connor, CEO of the Company said: "I have previously worked with both Bill and Tom and am delighted to have them on board. Together with Steve, they have a wealth of experience along with strong client relationships. This is a key step in growing and expanding our commodities activities."
Bill Silverstein said: "We all know each other very well and believe that INTL offers us a great platform to leverage our expertise and relationships into a much larger and dynamic business for the Company."
About International Asset Holding Corporation (Nasdaq:IAAC)
International Assets Holding Corporation and its subsidiaries (the "Company") form a financial services group focused on select international securities, currencies and commodities markets.
We commit our capital and expertise to market-making and trading of international financial instruments, currencies and commodities.
The Company's activities are currently divided into four functional areas --
international equities market-making,
international debt capital markets,
foreign exchange & commodities trading and asset management.
Additional information regarding the Company is available on the Company's web site at intlassets.com
"forward-looking statements" blah blah blah boilerplate follows...
International Asset Holding Corporation, New York
Bill Silverstein, 212-485-3571
dsilverstein@intlassets.com
or
Tom Gramlich, 212-485-3572
tgramlich@intlassets.com
or
Steve Springer, 212-485-3571
sspringer@intlassets.com |
