Following a stellar year for shareholders of INTL FCStone Inc. (NASDAQ:INTL), the President of the company Scott Branch will be relinquishing his position to CEO Sean M. O’Connor. After being appointed as Chief Operating Officer (COO) in 2009 following the merger between FCStone Group Inc. and the International Assets Holding Corporation, Mr. Branch will be retiring in 2016.
The executive reshuffling is part of a well planned transition for INTL FCStone Inc. (NASDAQ:INTL). The CEO of the company Sean O’Connor will be taking the position of president, while Mr. Branch will remain as director until the end of next year.
Xuong Nguyen will be appointed as COO to replace Mr. Branch from October 1st after serving as Executive Vice President of the FCM Division of the firm’s subsidiary INTL FCStone Financial Inc.
The former Global Head of Risk, Tricia Harrod will become the firm’s Chief Risk Officer as part of the executive restructuring.
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Throughout the year, INTL FCStone Inc. (NASDAQ:INTL) has been one of the top performing financial services companies traded on the NASDAQ, with its shares currently trading more than 45 per cent higher than a year ago.
The company specializes in providing financial services in commodities, over-the-counter (OTC) products, securities, global payments, foreign exchange and others. Boasting veteran teams in London, New York, Chicago and Sao Paulo, the company provides a variety of services to corporate hedgers, hedge funds, brokers and other financial institutions.
Back in April, a subsidiary of INTL FCStone Inc. (NASDAQ:INTL), introduced a new offering to select users of the renowned trading platform for institutional clients CQG, providing them with a full suite OTC foreign exchange trading capability on more than 75 FX pairs.