Southern Trust Securities Holding Corporation Announces Joint Venture Among IPWM and Banca Privada de Andorra
04 2월 2011 - 5:11AM
Southern Trust Securities Holding Corporation (STSHC or the
Corporation) (OTCBB:SOHL), a financial services holding
company with subsidiaries offering Broker-Dealer, Investment
Banking, Investment Advisory and Wealth Management services,
announced today that its joint venture partner, Geneva based
International Private Wealth Management S.A. (IPWM) has formed a
new company with Banca Privada de Andorra (BPA) to be called
BPA-IPWM (Suisse), S.A. which will be based in Geneva, Switzerland.
Banca Privada de Andorra (BPA) is a 50 year old Andorran
financial institution based in the country of Andorra which is
located on the south eastern border between Spain and France. It
has offices in Uruguay, Mexico, Luxembourg, Spain and Panama. BPA
maintains a large private banking and wealth management client
base.
The new company BPA-IPWM, (Suisse), S.A. will focus on asset
management and estate planning for its clients utilizing the U.S.
brokerage and asset management services of Southern Trust
Securities, Inc. (STSHC's wholly owned broker-dealer subsidiary)
and the fiduciary services of IPWM Trust Services.
STS's CEO Robert Escobio commented: "We are proud that Banca
Privada de Andorra (BPA) and IPWM have chosen to give their clients
access to STS's broker dealer platform for this exciting new
business venture. Having access to potential large European
customers will allow STS to continue to grow its core brokerage and
asset management business."
About Southern Trust Securities Holding
Corp.
STSHC is a financial services holding company with subsidiaries
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 Europe. STS's 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.
(STS) and Southern Trust Securities Asset Management, Inc. (STSAM),
Southern Trust Metals, Inc. (STM) and affiliated Geneva-based
International Private Wealth Management S.A. (IPWM). STS is a
member of the Securities Investors Protection Corporation (SIPC),
National Futures Association (NFA), and Financial Industry
Regulatory Authority (FINRA). STS 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.
CONTACT: Southern Trust Securities Holding Corp.
Robert Escobio, Chief Executive Officer
305-446-4800
Southern Trust Securities (CE) (USOTC:SOHL)
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