Member of the Month – July 2016: INTL FC Stone Ltd

NABA member INTL FC Stone just announced that a definitive agreement has been signed to acquire the correspondent securities clearing business and wealth management business from Sterne Agee.

The deal will be priced based on the tangible net asset value of the combined businesses, with INTL FCStone projecting that the acquisition will produce a non-material loss within the first year after acquisition but should be accretive in the following year.

In addition, the acquisition of Sterne Agee will help INTL FCStone expand its range of offerings across securities segments related to execution and clearing, among other products, and bring in 50 clearing relationships, over 100,000 clients, and $11 billion in assets.

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.

Further information on INTL FCStone is available at www.intlfcstone.com.