Collins Stewart merges G-7 currency options desks
Collins Stewart Tullett has merged the Group of Seven currency options desks of its Tullett Liberty and Prebon Yamane subsidiaries in London and Asia.
A broking source said Prebon’s Asian-based G-7 currency options team has been dissolved, with four having left the firm in Tokyo, Singapore and Sydney. These are Naoko Kato and Paul Yuki in Tokyo, Danny O’Keefe in Sydney, and Jamie Donovan in Singapore.Meanwhile, Neal Phillips has joined Tullett’s G-7 currency options team in Singapore where he will work under the existing head of currency options in Asia, Peter Kydoniefs. Cary Ishida has joined Prebon Yamane’s interest rate options desk in Tokyo.
Daniel Prince has joined Prebon's Singapore office as a managing director of options for Asia, while Stephen Fierro has become head of the Prebon emerging markets desk.
Details of the integration of the London desks were not immediately available.
The development follows the reported appointment of Mark Spring, previously deputy director for Asia at Prebon in Singapore, as a director of BGC Partners, Cantor Fitzgerald’s voice-broking business. Two weeks ago, Craig Bannister, director of the Singapore office at Prebon, also left, and is believed to be joining Cantor. Both Spring and Bannister were made redundant, according to a spokesperson for Collins Stewart Tullett in London.
The departures come after Prebon’s acquisition by Collins Stewart Tullett in October. At that time, Tullett Liberty suffered a surprise defeat in the forex business, after its merger with rival Prebon Yamane saw the departure of Neil Standen, head of forwards at Tullett.
Collins Stewart Tullett is currently embroiled in a lawsuit with rival inter-dealer broker Icap and ex-Tullett senior managers of Asia in Hong Kong, Benny Luk and Vince Wong, for "breach of fiduciary duty", claiming the two conspired with Icap to poach 25 staff while still at Tullett. A court date has yet to be set.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on People
People: Citi snags Raghavan, SocGen bags Estrada, all change at NYCB, and more
Latest job changes across the industry
Kane to leave Citadel Securities for senior Miax role
Options exchange has been on a four-year acquisition spree
Asia moves: senior hires at Millennium, Citi, SMBC and more
Latest job news from across the industry
Ken Pang set to join Millennium as Asia equities head
Former Credit Suisse markets co-head joins hedge fund’s Hong Kong office
People: Risk shake-up at Santander, JPM juggles markets, and more
Latest job changes across the industry
People: UBS rejigs EQD, risk head departs; Rustad joins buy side, and more
Latest job changes across the industry
Rustad re-emerges at Taula Capital
Former JP Morgan clearing head to help prepare for Q2 fund launch
UBS to lose group banking book risk manager
Senior risk manager of Swiss banks’ combined banking books to leave for new opportunities
Most read
- As FCMs dwindle, regulators fear systemic risk
- Top 10 operational risks for 2024
- Top 10 op risks: AI fears drive cyber risk to record high