The head of INTL FCStone Inc's futures brokerage has resigned because the stress from new regulations and difficult market conditions became too intense, the chief executive of the broker's parent company said on Thursday. Peter Nessler Jr. quit as president and chief executive officer of FCStone LLC, the company's futures commission merchant (FCM) subsidiary, according to a regulatory filing. Nessler, who joined the company in 1982, also left his job as executive vice president of commodities for New-York based INTL FCStone effective Feb. 1. "Pete did a fantastic job, but I think he found it incredibly stressful," INTL FCStone Chief Executive Sean O'Connor told Reuters. "I think he basically came to the conclusion that he had done what was asked of him, and it was time for him to do something else. He just said it's a lot of stress; it's a lot of work." Nessler could not be reached for comment. Small and mid-size FCMs and their executives have been under pressure for years
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