NEW YORK, Jan. 20, 2011 (GLOBE NEWSWIRE) -- International Assets Holding Corporation (INTL) (Nasdaq:INTL) today announced that it has named Oscar Schaps as Managing Director, Global Soft Commodities. Schaps will direct INTL FCStone's global soft commodities risk management operations.
Schaps, with more than 20 years of professional risk management experience, joined INTL FCStone in 2010 when it acquired INTL Hencorp Futures, LLC. He is a leading authority on the global coffee trade. He has served as director or committee Member for various international coffee organizations such as the National Coffee Association of America, Pacific Coast Coffee Association, and the Association for Coffee Excellence.
Pete Nessler, President of FCStone, LLC, said, "Oscar's addition to the team has bolstered INTL FCStone's ability to offer comprehensive risk management solutions to not only our coffee customers, but also to the producers, consumers and distributors of other soft commodities around the globe."Schaps added, "I am delighted to take on these new responsibilities. INTL FCStone has broad capabilities in risk management and associated financial services and I look forward to introducing these capabilities to a global audience." About International Assets Holding Corporation International Assets Holding Corporation (INTL) provides execution and advisory services in commodities, currencies and international securities. INTL'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 is available at www.intlassets.com . 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 International Assets Holding Corporation, are intended to identify forward-looking statements.