Prebon derivatives reorg

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Rob Osborne, formerly manager of the dollar off-balance-sheet desk, takes the newly created role of divisional managing director of derivatives in the City.

Chief executive Tony Verrier had managed the business for the past 18 months in tandem with his other responsibilities, a spokesperson told FX Week.

Verrier said: "[Osborne] will continue to identify and develop business opportunities to build on our successful derivatives business."

Separately, the firm is now preparing for further change