Latest news with #IntercamAdvisors
Bloomberg
2 days ago
- Business
- Bloomberg
StoneX Intends to Acquire Units of Bank Mired in US Drug Claims
StoneX Group Inc. said it's seeking to acquire US units of Mexican bank Intercam Banco SA, which last week was among three firms accused by the Trump administration of facilitating money laundering for drug traffickers. StoneX signed a letter of intent to purchase Intercam Advisors Inc. and Intercam Securities Inc. from Intercam Holdings Inc., according to a statement. The units are Miami-based affiliates of the Mexican firm, according to the company's website.
National Post
2 days ago
- Business
- National Post
StoneX Signs Letter of Intent to Acquire Intercam's U.S. Wealth Management Entities
Article content NEW YORK — StoneX Group Inc. (NASDAQ: SNEX), a global financial services firm, today announced it has entered into a letter of intent to acquire Intercam Advisors, Inc. and Intercam Securities, Inc. from Intercam Holdings, Inc. Article content The proposed acquisition remains subject to the negotiation and execution of definitive agreements, which will be subject to regulatory approvals and other closing conditions. Article content 'This transaction aligns with StoneX's strategy of expanding its global wealth management footprint, particularly in Latin America, and providing clients with broader access to markets and investment products,' said Jay Carter, CEO of StoneX Wealth Management. Article content The parties are working toward finalizing terms and entering into a definitive agreement in the near future. Article content About StoneX Group Inc. Article content StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects companies, organizations, traders and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high touch service and deep expertise. The Company strives to be the one trusted partner to its clients, providing its network, product and services to allow them to pursue trading opportunities, manage their market risks, make investments and improve their business performance. A Fortune 100 company headquartered in New York City and listed on the Nasdaq Global Select Market (NASDAQ:SNEX), StoneX Group Inc. and its more than 4,400 employees serve more than 54,000 commercial, institutional, and payments clients, and more than 400,000 retail accounts, from more than 70 offices spread across six continents. Further information on the Company is available at Article content Article content Article content Contacts Article content Media Contact: Article content
