This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

INTL FCStone Inc. Renames Investment Banking Operations And Expands Capabilities

Stocks in this article: INTL

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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs