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International Assets Hires Experienced Metals Trader in London

Posted on: Thursday, 22 June 2006, 09:00 CDT

International Assets Holding Corporation (Nasdaq:IAAC) (the "Company") today announced that it will expand its precious metals business with the recruitment of an experienced precious metals trader in London.

Glyn Stevens has been trading in the precious metals (particularly the platinum group metals) industry for over 20 years and brings with him established customer relationships in the industry and significant experience in these markets. Glyn will be based in London and will expand our metals business into the European time zone. Glyn will only be joining INTL at the end of summer as he is required to work out his contractual notice period.

Glyn previously worked at Standard Bank London where some 12 years ago he was one of the first traders to establish the metals business. Prior to Standard, Glyn spent 4 years as a trader at Ayrton Metals, an affiliate of Impala Platinum and prior was at Johnson Matthey where he worked 5 years and was an associate with Frank Reddon of our current team.

Sean O'Connor, CEO of the Company, said: "Glyn is one of the most experienced and respected traders in the platinum group metals market. We are delighted to have been able to attract somebody of his caliber and are confident that he will have a big impact on our business."

Glyn Stevens said: "I am looking forward to joining an entrepreneurial and very experienced team at INTL and believe this offers an exciting opportunity to expand and build a significant business in precious metals."

About International Assets Holding Corporation (Nasdaq:IAAC)

International Assets Holding Corporation and its subsidiaries (the "Company") form a financial services group focused on select international securities, currencies 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" 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.

Source: Business Wire

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