International Assets Holding has acquired the Chicago-based Hanley Group of companies, a trading firm and market maker of exchange-traded agricultural options.
As a result of the all-cash transaction which is expected to close on 7 July, the companies of Hanley Group Capital will be combined with FCStone’s existing OTC trade desk to provide an integrated solution for the INTL/FCStone commercial customer base.
This combination brings together the relationships of INTL/FCStone global brokerage and sales network with the trading and risk management expertise of Hanley Group Capital.
Sean O’Connor, chief executive of International Assets Holding, says: "Hanley Group Capital’s unique expertise further enhances the FCStone risk management business process by providing commercial customers with the full range of risk management products including highly customized solutions. Our combined capability to create complex specialty products to the commodity industry provides an unmatched and unique value proposition that sets us apart from our competitors."
George Hanley, chief executive of the combined entity, adds: "We are excited to combine our trading and risk management capabilities with the deep relationships that INTL/FCStone has with their commercial commodity customers and believe that this will create a powerful and profitable combination that will benefit employees, customers and shareholders."
