CORAL GABLES, Fla., July 21 /PRNewswire-FirstCall/ -- Southern Trust
Securities Holding Corp. ("STSHC") (OTC Bulletin Board: SOHL), a financial
services company offering broker-dealer, investment banking, investment
advisory and wealth management services, announced today that it has opened
offices in Spain. The opening is part of a new joint venture established
between STSHC and the Swiss Financial Group IPWM, SA (International Private
Wealth Management, SA).
The new joint venture company, IPWM, Espana S.A. ("IPWM Spain") will be
owned 50% by STSHC and 50% by the Swiss Financial Group IPWM, SA. IPWM
Spain has been established to capitalize on the growing wealth management
and private banking market in Spain. The new company will be focused on
developing the retail banking, corporate banking, private wealth management
and brokerage businesses. The offices will be located in Barcelona, San
Sebastian and Marbella.
STSHC's CEO Robert Escobio commented, "We are very excited about
partnering with our affiliate in Geneva, IPWM, to build a retail banking,
brokerage and private wealth management company in Spain. We have many
clients in Spain and this new joint venture will give these clients many
new opportunities. Further, we believe strongly that the Spanish market is
a growing market for us and with offices and people in Spain this will
allow us to broaden our European asset base."
Giulio Ceriani and Jairo Espinosa, Managing Directors of IPWM, SA
added, "Having offices in Spain is a natural expansion of our Swiss
operations. We have been very successful with our current affiliation with
STSHC and this new joint venture promises to be the same."
About Southern Trust Securities Holding Corp. ("STSHC")
STSHC is a financial services company offering securities brokerage,
investment banking, asset management and private wealth management for a
growing base of retail and institutional, corporate, and high-net-worth
clients primarily in Latin America and Asia. STSHC services include access
to international investment opportunities in U.S. and foreign capital
markets, offshore entities for financial planning, and cross-border
transactions, including private placements, bridge financing and reverse
mergers into publicly-traded shell corporations. STSHC operates through its
subsidiaries, Southern Trust Securities, Inc. (STSI) and Southern Trust
Securities Asset Management, Inc. (STSAM), and affiliated Geneva-based
International Private Wealth Management S.A. (IPWM). STSI is a member of
the Securities Investors Protection Corporation (SIPC), National Futures
Association (NFA), Financial Industry Regulatory Authority (FINRA), and
Municipal Securities Review Board (MSRB). STSI clears trades through, and
maintains client accounts with, Pershing LLC, a wholly owned subsidiary of
The Bank of New York Mellon Co.
Forward- Looking Statements
This press release may contain statements of a forward-looking nature
relating to future events. These forward-looking statements are subject to
the inherent uncertainties in predicting future results and conditions.
These statements reflect the Corporation's current beliefs, and a number of
important factors could cause actual results to differ materially from
those expressed in this press release. Except as otherwise required by
federal securities laws, the Corporation undertakes no obligation to update
or revise these forward-looking statements to reflect new events or
uncertainties.
Contact: Allen & Caron
Rudy Barrio (investors)
Brian Kennedy (media)
212-691-8087
r.barrio@allencaron.com
brian@allencaron.com
Southern Trust Securities Holding Corp.
Robert Escobio, Chief Executive Officer
305-446-4800
| |
SOURCE Southern Trust Securities Holding Corp.
 back to top
Related links:
http://www.stshc.com
CONTACT:
Investors, Rudy Barrio,
r.barrio@allencaron.com, or Media, Brian Kennedy,
brian@allencaron.com, both of Allen & Caron, +1-212-691-8087, for
Southern Trust Securities Holding Corp.; or Robert Escobio, Chief
Executive Officer of Southern Trust Securities Holding Corp.,
+1-305-446-4800
| |
|
