Prebon sets up coal desk

Prebon is in the midst of a wrangle over the brokers it sought to hire from Icap – George Dranganoudis, Dennis Walton and Alexander Newman (see Energy Risk May 2004, page 20). The three-strong team had signed contracts to join Prebon, but chose to remain at Icap, following a counter-offer.

Prebon chief executive Tony Verrier says his company will be taking legal action against Icap and the three brokers.

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