NEW YORK, April 7, 2009 (GLOBE NEWSWIRE) -- International Assets Holding Corporation (the "Company") (Nasdaq:IAAC) today announced that it has expanded its precious metals team in London by hiring Gerhard ("Gerry") Schubert and Stephen Pender, both until recently with Fortis Bank.
Gerhard and Stephen will join the team on 1st May and 1st June respectively in London as part of the expanding global precious metals business with a particular focus on gold and silver. Philip Smith, Managing Director, London commented, "We are delighted to have both Gerry and Stephen join this exciting and growing business and welcome the high calibre of experience that they bring with them."
Jeff Rhodes, who oversees the global precious metals business, said: "Over the last two years we have successfully built a customer centric precious metals business and the arrival of Gerry and Stephen will significantly enhance our pricing capability and product offering to our customers and help us develop our client focused activities in Europe and Africa."
About International Assets Holding Corporation
International Assets Holding Corporation and its subsidiaries form a financial services group focused on select international securities, foreign exchange 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 five functional areas -- international equities market-making, international debt capital markets, foreign exchange trading, commodities trading and asset management. Additional information regarding the Company is available on the Company's website at www.intlassets.com.
The International Assets Holding Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5024
Forward-Looking Statements
Certain statements in this document may constitute "forward-looking statements" 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 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 that 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.