DECATUR, Ill., May 18 /PRNewswire-FirstCall/ -- ADM Investor Services (ADMIS) through an affiliated company, ADMIS Holding Company, has formed ADMIS Hong Kong Limited through the acquisition of Refco Hong Kong Limited, a commodity brokerage firm that has a strong base of retail clients in Singapore, Hong Kong, China and Japan. Eric Wong, former Refco Hong Kong Managing Director, has been named Managing Director for this new company.
"ADMIS is pleased to announce the formation of ADMIS Hong Kong," stated Richard Dodson, President-ADMIS. "This formation will further increase our international customer base and business presence in the Asian marketplace which has a strong potential for future growth."
This new venture will remain in Hong Kong with a launch date of May 18, 2006.
ADM Investor Services is a Chicago-based full service Futures Commission Merchant with locations in the United States, United Kingdom (ADM Investor Services International) and Taiwan. ADMIS provides comprehensive services to retail, commercial and institutional customers around the world with more than $1.6 billion in combined global customer equity.
Both ADM Investor Services and ADMIS Holding Company are wholly-owned subsidiaries of Archer Daniels Midland Company (ADM).
Archer Daniels Midland Company (ADM) is a world leader in agricultural processing and fermentation technology. ADM is one of the world's largest processors of soybeans, corn, wheat and cocoa. ADM is also a leader in the production of soybean oil and meal, ethanol, corn sweeteners and flour. In addition, ADM produces value-added food and feed ingredients. Headquartered in Decatur, Illinois, ADM has over 25,000 employees, more than 250 processing plants and net sales for the fiscal year ended June 30, 2005 of $35.9 billion. Additional information can be found on ADM's Web site at www.admworld.com/ .
Source: Archer Daniels Midland Company
CONTACT: Brian Peterson, Senior Vice President-Corporate Affairs, Archer
Daniels Midland Company, +1-217-424-5413
Web site: www.admworld.com/