INTL FCStone Ltd (NASDAQ:INTL) has announced the expansion and restructuring of its metals division to provide clients with a more robust product offering and enhanced technological capability, creating a transparent pricing with a state-of-the-art user interface. As part of these changes, the company is disclosing the appointment of eight experienced professionals to the metals team.
The new team members will be based across the division’s current offices in New York, London, Hong Kong and Singapore. This expansion follows the appointment of Barry Canham as the Global Head of Metals, and the consolidation of the Base and Precious metals businesses. Canham was previously the head of INTL’s precious metals division.
Commenting on today’s news, Barry Canham said:
Over the past three years the precious metals business has been transformed into a fully automated, scalable, STP business – which has enhanced the product offering and client experience. Investment in technology has been key to the on-going success, demonstrated by the launch and continued development of our PMXecute and PMXecute+ platforms. But just as key are our people, who provide invaluable insights and value -added service to our clients – an approach that is supported by today’s announcement.
The metals division realignment will produce a comprehensive client experience, covering multiple products, price discovery, and execution. Additionally, the change will streamline the process of bringing the same, state-of the-art, technological solutions enjoyed by INTL’s precious metals customers to its LME ones.
Canham continued:
INTL strives to continually improve its client offerings and by adding experienced talent, combined with the existing team, will create an incredibly strong global unit, which will be further strengthened over the coming months. We look forward to the continued evolution and success of the metals division and the ability to provide best-in-class service to all of our metals customers.