NEW YORK, May 5, 2011 (GLOBE NEWSWIRE) -- INTL FCStone Inc. (Nasdaq:INTL) today announced that it has named Jim Lambert Managing Director, China of INTL FCStone Inc. Among other duties, Lambert will be responsible for establishing INTL FCStone's first wholly owned China-based subsidiary, INTL Universal Commercial (Shanghai) Co., Ltd.
Lambert has more than fifteen years of China-related business experience, working for a variety of agribusiness conglomerates and China Food and Agriculture Services Company, a Beijing-based consultancy. Most recently Lambert served as a Vice President of the Fibers and Textiles division of FCStone, LLC.
Malcolm Wilde, Chief Executive, Asia of INTL FCStone Inc., said, "We are delighted that Jim took the challenge and moved back to China. His experience and reputation in China will be invaluable as we expand our operations in the country. This is a very important step for INTL FCStone as we increase our ability to offer our wide range of financial services to the country."
Lambert added, "INTL FCStone has deep roots in China in both metals and agriculture. I look forward to leveraging the relationships and helping to further build the respective businesses."
About INTL FCStone Inc.
INTL FCStone Inc. provides execution and advisory services in commodities, currencies and international securities. INTL FCStone'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 FCStone Inc. is available at .
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 INTL FCStone Inc., 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 INTL FCStone Inc. 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. INTL FCStone Inc. 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: INTL FCStone Inc. Bill Dunaway 866-522-7188 bdunaway@intlassets.com