US broker buys Measurisk assets

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New York-based broker Miller Tabak has purchased the assets of Measurisk, a US-based risk technology provider to the buy-side community, for an undisclosed sum. The deal comes after Measurisk management failed to turn the company into a viable business entity.

Measurisk chief operating officer Andrew Lapkin – an ex-Bankers Trust executive that worked on the US investment bank’s Raroc project – will continue working for the new company, at present called Millar Tabak Risk Solutions. He is spea

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