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INTL FCStone Expands Trade and Export Finance Group
NEW YORK, May 16, 2012 (GLOBE NEWSWIRE) -- INTL FCStone Inc. (Nasdaq:INTL) today announced the addition of Miguel Angel Burelo, Fatima Parreira and Alexanders Saenz to the Trade and Export Finance Group of INTL Provident Group USA, the investment banking division of its wholly owned subsidiary INTL Trading, Inc. Together, this team brings 45 years of combined experience in the trade and export finance field, with a strong emphasis on OECD government-supported export credit agencies credit enhancement, such as the Export-Import Bank of the United States, COFACE and Euler-Hermes, as well as top-rated private insurance companies.
Miguel Angel Burelo joins the firm as a Managing Director of the Trade and Export Finance group. Prior to joining INTL Provident Group USA, Burelo developed Espirito Santo Bank's business to be among the top users of Ex-Im Bank programs for 7 years in a row. At The Toronto-Dominion Bank, Burelo originated over $450 million and grew the bank to be the largest user of Ex-Im Bank programs during 2003 and from 1996 to 2001, he led the Latin America US Export Finance group of Standard Chartered Bank, arranging over $500 Million in US Ex-Im structures.
Fatima Parreira joins the firm as the group's Operations Manager. Most recently, Parreira held the same position at Espirito Santo Bank's Letter of Credit Administration and Trade Finance Department. She has also worked for First Fidelity Bank of New Jersey, Standard Chartered Bank and Melon United Bank.
Alexanders Saenz joins the firm as the group's risk assessment officer from Coconut Grove Bank, where he supported improving the asset quality the bank's loan portfolio as a Senior Credit Analyst, and from Espirito Santo Bank where he evaluated all international trade finance transactions as AVP/Senior Credit Analyst. His experience in risk assessment extends to commercial and commercial real estate transactions in the domestic market.
Steven Carlson, CEO of INTL Provident Group USA, said, "Miguel and his team will provide our middle market clients with a valuable tool to finance their sales and purchases while providing our lender relationships with a high quality loan product. We are pleased to have Miguel, Fatima and Alexanders on board and believe that they add significantly to our trade finance business."
About INTL Provident Group USA
INTL Provident Group USA services middle market firms worldwide, with a sector focus in natural resources, agriculture, financial institutions, power generation and real estate. Their team of professionals offers a range of services including capital raising, mergers and acquisitions advisory, trade finance and bank loan syndication as well as restructuring and corporate advisory. INTL Provident Group USA is a DBA for INTL Trading, Inc. Member FINRA/SIPC.
About INTL FCStone Inc.
INTL FCStone Inc. (INTL) provides execution and advisory services in commodities, currencies and international securities. INTL's businesses, which include the commodities advisory and transaction execution firm FCStone Group, serve more than 20,000 commercial customers in more than 100 countries through a network of offices in twelve countries around the world.
Further information on INTL FCStone Inc. is available at www.intlfcstone.com.
CONTACT: INTL FCStone Inc. Kent Coughlin 615-234-2756 firstname.lastname@example.org