Tullett Prebon Adds Risk Arbitrage Desk To Equities Division

May 25 2010 | 9:34am ET

Inter-dealer broker Tullett Prebon has added a risk arbitrage desk focusing on mergers and acquisitions.The desk will be based in the firm's Jersey City, NJ, office and will be led by managing director Philippe Allain, who will report into Tom Bovitz, senior managing director, equities.

Allain joins Tullett Prebon from Newedge Group where he was head of risk arbitrage sales. Mourad Jridi, also formerly of Newedge Group, will join as director; Yemi Oshodi, formerly of Ramius Capital Group, will join as managing director; and Rudy Sanchez, formerly of Latam Investments, will join as senior vice president. 

“We are enthusiastic about having Philippe’s team join us. With the team’s knowledge and expertise in risk arbitrage, we look forward to integrating the desk into our equity division and providing a more well rounded offering to our customers,” said Bovitz. 

“I am eager to bring my past experience in risk arbitrage to advance the breadth and depth of Tullett Prebon’s equity offerings. By offering this strategy to current and prospective clients, Tullett Prebon can now position itself as an inter-dealer broker offering a very competitive array of global strategies and products, while continuing to expand its presence in North America,” said Allain.


In Depth

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Artivest Announces Funding Round Led by KKR & Co.

May 4 2015 | 9:56am ET

Artivest, a startup that provides individual investors with access to private equity...

Guest Contributor

Starting a ‘40 Act Fund Family? Don’t Forget Your Board

Apr 30 2015 | 7:18am ET

The convergence of the hedge fund and mutual fund worlds continues unabated, as...

 

Editor's Note