International Assets Expands Debt Capital Markets Capability.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- International Assets Holding Corporation (Nasdaq:IAAC IAAC Information Assurance Advisory Council IAAC Interamerican Accreditation Cooperation IAAC Inter American Accreditation Cooperation IAAC Infertility Awareness Association of Canada, Inc IAAC Indo-American Arts Council, Inc. ) (the "Company") today announced that it had recruited a debt capital markets team based in London and Florida to leverage the existing debt trading team. In London the Company has recruited Dino Skandalis, Steve Swords and Steve Hefft to establish a debt capital markets business focused on Emerging Europe, the Middle East and Asia. The team has over 50 years experience in originating, structuring and distributing debt instruments in these markets and bring wide ranging relationships to the Company. Dino has headed up emerging market debt-related global product teams for Standard Chartered Bank Standard Chartered Bank (LSE: STAN, HKSE: 2888 ) is a British bank headquartered in London with operations in more than fifty countries. It operates a network of over 1,600 branches (including subsidiaries, associates and joint ventures) and employs almost 60,000 , Standard Bank London and Banco Santander. Steve Swords was previously with Standard Bank London where he was responsible for originating emerging market debt as well as secondary market trading. Prior to that, he headed up the forfaiting Forfaiting The purchasing of an exporter's receivables (the amount importers owe the exporter) at a discount by paying cash. The forfaiter, the purchaser of the receivables, becomes the entity to whom the importer is obliged to pay its debt. team at ING. Steve Hefft spent 5 years with Standard Bank London in Dubai where he was responsible for developing the emerging market debt business in the Middle East. Prior to that, Steve worked at ING in London. The company has also recruited Alessandro Colitto who has over 10 years experience in the origination Origination The process through which a mortgage lender creates a mortgage secured by some amount of the mortgagor's real property. Notes: Also known as loan origination, everyone must go through the origination process when securing a mortgage for a piece of real and structuring of asset-backed and project finance deals. Alessandro brings his specialist expertise in complex structuring as well as his extensive relationships throughout Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. to the Company. Previously Alessandro worked with Harris Nesbit Corp. where he headed up the international securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. group, Pemex, Mexico's oil company, and the Mexican Mexican named after or originating in Mexico. Mexican axolotl see ambystomamexicanum. Mexican beaded lizard (Heloderma horridum Ministry of Finance. Scott Branch, President of the Company said: "I have worked for many years with Dino and the two Steve's and are delighted to have them on board. They are a very experienced team with great relationships and together with Alessandro, who brings both technical expertise and relationships in Latin America, we have added significant capability to our existing trading business." About International Assets Holding Corporation (Nasdaq IAAC) International Assets Holding Corporation and its subsidiaries (the "Company") form a financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. group focused on select international securities and commodities markets. We commit our capital and expertise to market-making and trading of international financial instruments, currencies and commodities. The Company's activities are currently divided into four functional areas -- international equities market-making, international debt capital markets, foreign exchange/commodities trading and asset management. Additional information regarding the Company is available on the Company's web site at http://www.intlassets.com. Certain statements in this document may constitute "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve known and unknown risks and uncertainties, many of which are beyond the Company's control, including adverse changes in economic, political and market conditions, losses from the Company's market-making and trading activities arising from counterparty Counterparty The other participant, including intermediaries, in a swap or contract. failures and changes in market conditions, the possible loss of key personnel, the impact of increasing competition, the impact of changes in government regulation, the possibility of liabilities arising from violations of federal and state securities laws and the impact of changes in technology in the securities and commodities brokerage industries. Although the Company believes tha t its expectations with respect to the forward-looking statements are based upon reasonable assumptions, there can be no assurances that the actual results, performance or achievement of the Company will not differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements. |
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