CHICAGO, March 14, 2013 /PRNewswire/ -- Tom Price, Chairman and President of Price Holdings, Inc., and the firm's Board of Directors are pleased to announce the following executive management promotions at Price Holdings and its subsidiaries. These changes are intended to further strengthen the structure of the company and provide management and strategic continuity as we continue to grow and build the future of our company.
The following changes will be effective as of March 31, 2013.
Susanna Jung, currently the COO of the Price Futures Group, Inc., will become President/CEO of Price Futures Group. She has worked for the Price Futures Group for over 15 years and has served successfully in numerous capacities. Sue has worked closely with Tom Price on all aspects of the business. In addition, she has been nominated and accepted a position on the Board of Directors of Price Holdings, Inc.
Jim Baer, currently President/CEO of Uhlmann Price Securities, LLC and a member of the Price Holdings, Inc. Board of Directors, will also become President of Price Holdings. He has been at the helm of Uhlmann Price since 2001 and was a critical component of the decision to bring Uhlmann into the Price umbrella. Jim will continue in his role as President/CEO of Uhlmann Price which became a wholly owned subsidiary of Price Holdings in 2010.
Alan Konn, currently Executive Vice President of Uhlmann Price Securities, LLC and member of the Price Holdings, Inc. Board of Directors, has accepted the offer to serve as Co-Chairman of Price Holdings serving with Tom Price. Alan joined Uhlmann Price as a partner and wealth manager in 2003 and will continue to be responsible for the Institutional Client Group for Price Asset Management. Alan has been very involved in most of the critical business and strategic decision making over the past years at the firm and will continue to do so in the more formal role as Co-Chairman of Price Holdings.
The consolidation of our 6 companies into Price Holdings, Inc. and the formation of the Employee Stock Ownership Plan in the beginning of 2010 was a significant step toward building a lasting foundation from which the firm would continue to grow. These management changes represent another important move forward in this process. All of these decisions have been made with a great deal of thought and in what we believe to be in the best interests of our company, our employee/owners and our clients for the many years to come.
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Price Holdings, Inc. is a 100% employee owned diversified financial services company providing a broad spectrum of services to its institutional and individual client base. Its companies include:
The PRICE Futures Group, Inc. is one of the largest Independent Introducing Futures Brokers in the US. Registered with the National Futures Association, the firm provides an array of full service futures brokerage, online trading, asset management and financial consulting services to clients throughout the world.
Price Asset Management, Inc. is a SEC registered investment adviser focused on the Commodity Asset Class and Managed Futures. The firm is registered with the CFTC as a Commodity Trading Advisor and Commodity Pool Operator and is a member of the National Futures Association. Price Asset Management is the managing member of a number of fund vehicles and provides Separately Managed Accounts including strategies based on the Rogers International Commodity Index®.
Uhlmann Price Securities, LLC is a FINRA registered full service Broker Dealer and Registered Investment Advisory firm. The company provides traditional and alternative investment products, services and advice to private clients, high net-worth individuals and institutional investors.
Fund Dynamics, LLC is a fund accounting and administration company. The mission of Fund Dynamics is to provide reliable, accurate, and customized accounting solutions for commodity pools, hedge funds and commodity trading advisors.
Transparent Strategy Tracker, LLC provides a proprietary integrated account monitoring system for investors and fund managers combining innovative technology and solid infrastructure with portfolio transparency. This web-based platform delivers transparency, risk-monitoring and performance statistics on trading accounts and/or funds in a real-time environment.
Atrium Trading, Inc. is a discount brokerage firm, registered with both FINRA & the NFA. Servicing self-directed traders, the company provides direct access to every major futures, equities and foreign exchange market in the world. Through one account and using one platform, a client can trade stocks, futures, options, foreign exchange, ETFs, corporate and municipal bonds and mutual funds.
SOURCE Price Holdings, Inc. http://www.priceholdingsinc.com