NEW YORK, Oct. 4, 2012 (GLOBE NEWSWIRE) -- INTL FCStone Inc. today announced that its investment banking division, formerly known as INTL Provident Group, will now operate under the name of INTL FCStone Securities Inc., which provides trading, market making, investment banking and corporate finance services to customers around the globe.
Steven J. Carlson, head of Investment Banking at INTL FCStone Securities Inc., said, "The name change aligns our investment banking operations more closely with our parent company, INTL FCStone Inc., and creates a stronger connection in the minds of our customers between the investment banking services and the broad set of financial services offered by INTL FCStone Inc. and its subsidiaries."
At the same time, INTL FCStone Inc. expanded its investment banking capabilities through the incorporation of a new, wholly owned subsidiary, INTL Korea Limited. INTL Korea Limited, based in Seoul, will be headed by Country Manager Kris Ghil and will operate as a branch office of INTL FCStone Securities Inc. Ghil joins INTL Korea Limited from Chorokbaem Media Inc. where he served as both CEO and CFO. Previously, Ghil was a partner at the Korea-based consulting firm, Advanced Business Link, and a senior consultant at Monitor Group. Ghil also previously held a position at the Ministry of Strategy & Finance, within the government of the Republic of Korea and also at the National Tax Service of the Republic of Korea."Our Seoul-based operation will enhance our ability to offer our services to the South Korean and pan-Asian markets," commented Carlson. "Kris is preeminently equipped for this role." INTL FCStone also named Marcos Lima as a Managing Director in Investment Banking with FCStone do Brasil, Ltda, based in São Paulo in Brazil, further strengthening INTL FCStone's Investment Banking capabilities. Lima will be responsible for M&A and advisory services, as well as corporate finance. Lima was formerly Head of Metals & Mining and Conglomerates for the Americas at Standard Bank from 2009 to 2012 and acted as Head of Corporate Finance from 2004 to 2009 at Standard Bank.