Hints and tips:
...The CBIRC oversees brokers including the joint venture between Tullett Prebon and NEX International as well as BGC Partners and Central Tanshi....
...Smith, who was previously chief executive of stockbroker Tullett Prebon, attracted attention last year for his views on consumer business Unilever....
...Any annual deficit should be regarded as a contingent liability and trustees should regard consultants the same way that Tullett Prebon’s trustees did. The author is chief executive of Fundsmith LLP...
...Prebon....
...One of the City of London’s most prominent financiers, Smith relocated to the island of Mauritius in 2014 after stepping down as chief executive of interdealer broker Tullett Prebon....
...It was also an issue in the 2016 merger of brokers Tullett Prebon and ICAP....
...They clashed over executive compensation, and Mr Robson judged that the broker would not meet the ambitious cost savings targets set to integrate the deal with its own Tullett Prebon business....
...The activity took place in Tullett’s interest-rates trading division, which comprised a significant part of Tullett Prebon’s overall business. Tullett was then run by Terry Smith, now a fund manager....
...Mr Smith set up Fundsmith in 2010, and left Tullett Prebon, a brokerage firm where he was chief executive, in 2014....
...But Mr Smith argues that his investment approach works regardless of market conditions, pointing to the fact he achieved similar results during the financial crisis when he managed the Tullett Prebon pension...
...The former Tullett Prebon credit broker has made big gains on Burgundies in recent years, but bought some of the sought-after 2010 Lafite Rothschild earlier this decade — right before the market tanked....
...Mr Olson’s role as Emea (Europe, Middle East and Africa) secondaries head has been taken on by Dan Nolan, who previously worked at broking firm Tullett Prebon, part of TP ICAP....
...The ICAP deal in late 2016 was the largest ever for Tullett Prebon, and doubled the number of brokers it employed to more than 3,000....
...Mr Maloney, a former board member at Tullett Prebon who has worked in the financial industry in Hong Kong since the early 1990s, declined to comment....
...Nex was founded at the end of 2016 to focus on electronic trading and the arcane and crucial mechanics of market plumbing after Mr Spencer sold the broking business to rival Tullett Prebon for £1.3bn....
...Hiral Desai, who has worked in fixed income at ADS and broking for ED & F Man and Tullett Prebon, joins as director of fixed income sales in Dubai....
...He subsequently sold ICAP’s broking division to rival Tullett Prebon in 2016....
...The company, formerly known as Tullett Prebon, is half way through the costly process of integrating its voice and hybrid broking operations with businesses that formerly formed what is now NEX Group....
...Mr Spencer is best known for founding the interdealer broker ICAP, part of which was sold to Tullett Prebon in 2016....
...TP ICAP’s new boss, Nicolas Breteau, may be a steadier pair of hands than Mr Phizackerley, who had a long career at Lehman Brothers, and then Nomura, before joining Tullett Prebon in 2014....
...Icap had sold its voice broking business to Tullett Prebon in 2016 for $1.6bn, but Mr Newman had remained on at what would become NEX Group as a director....
...The numbers were the first full set of full year results reported by Nex since its previous incarnation, ICAP, sold off its global voice broking business to rival Tullett Prebon in a deal worth £1.3bn at...
...Prebon traded on for the majority of the post credit crisis period… While the share price may be protected by this morning on the better start to 2018, we would remind investors that a helpful period of...
International Edition