NEW YORK, May 11, 2016 (GLOBE NEWSWIRE) -- INTL FCStone Inc. (NASDAQ:INTL), a diversified global financial services organization delivering execution and advisory services in commodities, currencies, and securities, today announced that the Broker-Dealer Rates Group of its wholly owned subsidiary, INTL FCStone Financial Inc. (“the Company”) has appointed industry veteran Allan Berliant as Asset-Backed Securities Product Manager, effective immediately. Mr. Berliant will manage the Company’s Asset-Backed Securities (“ABS”) initiative and spearhead all associated product development.
Mr. Berliant brings with him more than 25 years of experience in the ABS sector, and has served as a consultant to INTL FCStone Financial's Broker Dealer Rates Group, helping to build out the Company's ABS trading capabilities and launch the product in November 2015. Prior to INTL FCStone Financial, he served as Director of Structured Finance at Grantham, Mayo, Van Otterloo & Co. LLC. During his career, his roles have included head of structured finance, portfolio manager and director of research. While primarily related to asset-backed securities, these positions also have included leadership responsibilities in the broader fixed income marketplace. Mr. Berliant has served on the Board of Directors of the Structured Finance Industry Group and is currently on the Advisory Board of the Information Management Network’s Structured Finance Group.
Robert LaForte, Senior Managing Director, Head of Sales, Broker-Dealer Rates Group of INTL FCStone Financial Inc., commented on today’s news, “We are excited to formally welcome Allan in his new role as Asset-Backed Securities Product Manager. His experience, industry contacts and unquestioned expertise in the sector will be invaluable, as he understands the intricacies of the ABS and broader fixed income spaces, having specialized in those markets throughout his career. Additionally, he understands the client-centric approach that lies at the heart of our business model and will be instrumental as we provide liquidity to the highly rated credit card, automobile and equipment securities markets, and build out and enhance our ABS offering on an ongoing basis.”
INTL FCStone Financial Inc.’s Broker-Dealer Rates Group is a fixed income dealer and market maker that exclusively trades government, federal agency, mortgage-backed and asset-backed securities. Founded as G.X. Clarke & Company in 1979 and acquired by INTL FCStone Inc. in January 2015, the Rates Group has served institutional clients focused on these securities for almost four decades. The Company provides its more than 600 institutional clients with high-touch service and specialist expertise for those fixed income securities that it trades. Its ABS offering is designed specifically for the secondary market, with a primary focus on highly rated credit card and automobile securities, and the Company is dedicating capital and balance sheet to provide its clients with liquidity in these securities.
Mr. Berliant commented, “I am very much looking forward to building out the ABS initiative at INTL FCStone Financial, which has been an industry leading firm in the fixed income sector for decades. While the securities industry has trended towards generalization in recent years, INTL FCStone Financial has remained steadfast in its commitment to specialization, an approach I wholeheartedly believe in. I look forward to utilizing my own deep experience in the asset-backed securities space to address client needs, and develop market commentary procedures, risk controls and compliance standards for the ABS product as we seek to provide high value solutions for our clients and continue to enhance our offerings going forward.”
About INTL FCStone Inc.
INTL FCStone Inc., including its subsidiaries, is a leader in the development of specialized financial services in commodities, securities, global payments, foreign exchange and other markets. Our revenues are derived primarily from financial products and advisory services that fulfill our clients' real needs and provide bottom-line benefits to their businesses. We create added value for our clients by providing access to global financial markets using our industry and financial expertise, deep partner and network relationships, insight and guidance, and integrity and transparency. Our client-first approach engenders trust, and has enabled us to establish leadership positions in a number of complex fields in financial markets around the world.
INTL FCStone Financial Inc. is a member of FINRA/SIPC and is registered with the MSRB. Any individual security mentioned in this presentation is subject to the following disclosure: This information is not meant to be viewed as analysis or opinion of any security. This information should not be taken as an offer or as a solicitation of an offer for the purchase or sale of any security or other financial instruments or as a recommendation to engage in any trading strategy. INTL FCStone Financial Inc. may have long or short positions in securities or related issues mentioned here.
Further information on INTL FCStone is available at www.intlfcstone.com.