INTL FCStone Ltd Appointed by Bank of America Merrill Lynch to Broaden FX Payments Capabilities
(Thomson Reuters ONE) -
NEW YORK, Sept. 8, 2015 (GLOBE NEWSWIRE) -- INTL FCStone Inc. (Nasdaq:INTL), a
leader in the development of specialized financial services in commodities,
securities, global payments, foreign exchange and other markets, today announced
that its London-based subsidiary, INTL FCStone Ltd.'s (IFL) Global Payments
division, will provide Bank of America Merrill Lynch with international payments
coverage and third-party delivery services in more than 70 exotic currencies via
its network of over 300 correspondent banks around the globe.
Mike Robertson, Global Head of Transactional FX Trading, Bank of America Merrill
Lynch, said, "We are constantly looking for ways to improve efficiencies for our
customers. This agreement provides them with an integrated platform that
streamlines the payments process in emerging market currencies and capitalizes
on IFL's well-recognized expertise in these markets."
Gregory Vincent, Head of FX Payments (EMEA), commented, "IFL is a dedicated
specialist helping to set best-practice standards for the industry. We're
thrilled to partner with Bank of America Merrill Lynch to enhance the value to
customers by providing access to emerging market currencies and a platform for
efficient execution of payments."
About INTL FCStone Inc.
INTL FCStone Inc. (INTL), including its subsidiaries, is a leader in the
development of specialized financial services in commodities, securities, global
payments, foreign exchange and other markets. Its revenues are derived primarily
from financial products and advisory services that fulfill clients' needs and
provide bottom-line benefits to their businesses. INTL creates added value for
clients by providing access to global financial markets using industry and
financial expertise, deep partner and network relationships, insight and
guidance, and integrity and transparency. INTL's client-first approach engenders
trust, and has enabled INTL to establish leadership positions in a number of
complex fields in financial markets around the world.
Further information on INTL FCStone Inc. is available at www.intlfcstone.com.
CONTACT: INTL FCStone Inc.
Kent Coughlin
Director of Public Relations
+615-234-2756
kent.coughlin(at)intlfcstone.com
This announcement is distributed by GlobeNewswire on behalf of
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other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: INTL FCStone Inc. via GlobeNewswire
[HUG#1950360]
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Datum: 08.09.2015 - 09:00 Uhr
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News-ID 418385
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