Tullett Prebon CEO To Exit

Jun 4 2014 | 8:37am ET

The CEO of interbroker dealer Tullett Prebon will step down as soon as this month.

Terry Smith will exit the London-based firm after eight years at the helm to focus on his four-year-old asset management business, Fundsmith, The Wall Street Journal reports. Tullett Prebon said he would remain in the post until his successor is named, a process it said was “well advanced.”

Former Lehman Brothers and Nomura Holdings executive John Phizackerley is the front-runner to take over for Smith. According to the Journal, he and Tullett Prebon are in advanced talks.


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