INTL-FCStone Forms New Argentina-Based Cash-Grain Brokerage

International Assets Holding Corporation (Nasdaq:IAAC) and its wholly owned subsidiary, FCStone Group, today announced the formation of a cash commodity brokerage service to meet the needs of market participants in a wide variety of agricultural commodities throughout the Latin American region. The service will operate under a newly incorporated company, INTL FCStone SA, based in Buenos Aires.

The new brokerage service will be directed by Jorge Barthes, who has more than 25 years of experience in the cash brokerage business in Argentina, and also has extensive experience in other sectors of the agribusiness industry. Barthes also will be responsible for the recruitment and development of a team of brokers to facilitate transactions.

The Vice President of Latin American Operations for INTL-FCStone, Julian Viso, noted that, "Over the last 15 years, we have maintained an excellent relationship with Jorge, and we are gratified that he will be bringing his market knowledge, experience and leadership to bear on this exciting new initiative."  

About International Assets Holding Corporation

International Assets Holding Corporation (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 10,000 commercial customers in more than 100 countries through a network of offices in eleven countries around the world. Further information on INTL is available at www.intlassets.com.

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CONTACT:  INTL-FCStone Group, Inc.

          Julian J. Viso, Vice President, Latin American Operations
          [phone]
          [e-mail]