INTL FCStone Inc. (Nasdaq:INTL) today announced a major expansion in its Commodity Risk Management capabilities, and promoted several key personnel to new positions that will enhance the company's ability to bring its expertise and experience to customers around the globe.
Jeff Carpenter assumed the role of Head of Commodity Risk Management, Europe, Middle East and Africa. He is based in London, UK. Carpenter has more than 14 years of risk management experience throughout the commodities value chain, with a focus on agricultural and energy markets. Prior to joining FCStone, he held senior trading positions with ADM and Scoular.
Peter Rizzo was promoted to Head of Commodity Risk Management for Agriculture and Energy Commodities in Asia. Rizzo, who has more than 24 years experience in the international markets with a career focus in Asia, joined FCStone Australia Pty Ltd (a wholly owned subsidiary of INTL FCStone Inc.) from Standard Bank in August 2009, where he was previously Head of Agricultural Commodities for Asia. He was then appointed Managing Director of FCStone Australia Pty Ltd in April 2010.
Terrance Wood holds the position of Head of Commodity Risk Management for INTL FCStone Asia Pte. Ltd. Based in Singapore, Wood is responsible for developing the firm's Southeast Asian business. With more than ten years of experience in agricultural finance and risk management, he offers our customers a broad set of tools to accomplish their risk management goals.
Also, as previously announced, Jim Lambert has been named Managing Director, China. Lambert has more than fifteen years of China-related business experience, first working with the agribusiness conglomerates Archer Daniels Midland and Wilmar Trading in their soybean processing joint ventures, and later with China Food and Agriculture Services Company, a Beijing-based consultancy. Most recently Lambert served as a Vice President with the Fibers and Textiles Division of the subsidiary FCStone, LLC.
Pete Anderson, President of INTL FCStone, said, "We have assembled a team of risk management professionals whose skills and knowledge will be a powerful tool for our customers seeking to protect their businesses in today's volatile markets. Additionally, these moves will allow us to introduce INTL FCStone's capabilities to firms globally. Jeff, Jim, Peter and Terrance are the right team at the right time to demonstrate to the world INTL FCStone's commitment to providing comprehensive risk management solutions."
About INTL FCStone Inc.
INTL FCStone Inc. provides execution and advisory services in commodities, currencies and international securities. INTL FCStone's businesses, which include the commodities advisory and transaction execution firm FCStone Group, serve more than 10,000 commercial customers in more than 100 countries through a network of offices in eleven countries around the world. Further information on INTL FCStone Inc. is available at www.intlfcstone.com.