Tullett appoints new CEO

Alexander Campbell
07 Jul 2005

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Danese, based in New York, joins Tullett Prebon Information from Creditex, where he was president and chief operating officer.

Parent company Collins Stewart Tullett completed the takeover of Prebon in October 2004, in a transaction that gave the broker an enterprise value of £125.3 million including debt and obligations. Collins Stewart Tullett paid £69.5 million in cash and shares for the company.

Geoff Chapman, chief information officer of the inter-dealer brokerage arm of Collins Stewart Tullett, said: "With the development of new industry regulations, there is greater demand for transparency within the financial services industry. Organisations like Tullett Prebon Information that can confidently provide secure independent market data and help customers ensure access to market information will be in even greater demand."

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