International Assets, FCStone complete merger

Mon. October 05, 2009; Posted: 01:04 PM

Oct 05, 2009 (Datamonitor via COMTEX) -- IAAC | Quote | Chart | News | PowerRating -- International Assets Holding, a provider of financial services, and the FCStone Group have completed the merger with a combined market value of approximately $285 million.

The merger, which was approved by shareholders of both companies, unites two financial services companies to create a new entity that delivers execution and advisory services in commodities, currencies and international securities, said International Assets.

The transaction, structured as a merger of equals, will create a combined entity that will serve more than 10,000 commercial customers from an employee base of 614 people and offices in 11 countries, said International Assets.

The company's services include comprehensive risk management advisory services for commercial customers; execution of listed futures and option contracts on all major exchanges; structured OTC products in a wide range of commodities; physical trading and hedging of precious and base metals and select other commodities; trading of more than 100 foreign currencies; market-making in international equities; and debt originations and asset management.

FCStone will continue to operate as an independent business unit of International Assets, maintaining its bases of operations in Kansas City and West Des Moines and serving customers under the FCStone Group brand.

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For full details on International Assets Holding Corporation (IAAC) click here. International Assets Holding Corporation (IAAC) has Short Term PowerRatings of 4. Details on International Assets Holding Corporation (IAAC) Short Term PowerRatings is available at This Link.

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