Prebon to take lead in Asia

While Tullett appears to be in the "driving seat", said one local banker – parent company Collins Stewart Tullett (CST) was the aggressor in the deal that closed on October 13 – Prebon is a bigger player in the region. "Prebon and Exco (now part of rival Icap) are the two dominant players in the local markets – and then there's everybody else," said the banker, who is based in Singapore.

"Prebon is in a safer position in Asia than Tullett because Prebon's profile is higher in Asia," agreed a

To continue reading...