Tuesday, 29 July 2014
Last updated 6 hours ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…