INTL FCStone Ltd Expands and Restructures Global Metals Division
02 Aug, 2018, 08:00 BST
LME team boosted by the arrival of eight seasoned professionals and merged with Precious Metals Division
LONDON and NEW YORK, Aug. 2, 2018 /PRNewswire/ -- INTL FCStone Ltd ("INTL"), a Fortune 500 multi-national financial services firm that trades globally in all asset classes, today announced the expansion and restructuring of its metals division to provide clients with a more robust product offering and enhanced technological capability, creating a best-in-class customer experience through efficient, fast, and transparent pricing with a state-of-the-art user interface. As part of these changes, the company is disclosing the appointment of eight experienced professionals to the metals team.
The new team members will be based across the division's current offices in New York, London, Hong Kong and Singapore. This expansion follows the appointment of Barry Canham as the Global Head of Metals, and the consolidation of the Base and Precious metals businesses. Canham was previously the head of INTL's precious metals division.
Commenting on today's news, Barry Canham said, "Over the past three years the precious metals business has been transformed into a fully automated, scalable, STP business – which has enhanced the product offering and client experience. Investment in technology has been key to the on-going success, demonstrated by the launch and continued development of our PMXecute and PMXecute+ platforms. But just as key are our people, who provide invaluable insights and value -added service to our clients – an approach that is supported by today's announcement."
The metals division realignment will produce a comprehensive client experience, covering multiple products, price discovery, and execution. Additionally, the change will streamline the process of bringing the same, state-of the-art, technological solutions enjoyed by INTL's precious metals customers to its LME ones.
Canham continued, "INTL strives to continually improve its client offerings and by adding experienced talent, combined with the existing team, will create an incredibly strong global unit, which will be further strengthened over the coming months. We look forward to the continued evolution and success of the metals division and the ability to provide best-in-class service to all of our metals customers."
About INTL FCStone Ltd
INTL FCStone Ltd ("IFL") is a wholly owned subsidiary of INTL FCStone Inc. ("INTL"). IFL is registered in England and Wales (5616586). IFL is authorised & regulated by the Financial Conduct Authority [FRN 446717]. INTL FCStone Inc., through its subsidiaries, is a leading provider of financial-services execution, risk management, market intelligence, and post-trade services across asset classes and markets around the world.
Serving more than 20,000 customers in 130 countries on five continents, the company provides products and services across five market segments: commercial hedging, global payments, securities, physical commodities, and clearing and execution services. Our customers include the producers, processors and end users of virtually every major traded commodity, as well as asset managers, introducing broker-dealers, insurance companies, brokers, institutional and retail investors, commercial and investment banks, and governmental, non-governmental and charitable organizations. A Fortune 500 company headquartered in New York City, the company is listed on the Nasdaq under the ticker symbol "INTL".
Further information on INTL FCStone is available at www.intlfcstone.com.
Media Contact
Jay A. Morakis
M Group Strategic Communications (for INTL FCStone Ltd)
+1 212 266 0191
jmorakis@mgroupsc.com
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