FX Week

Collins Stewart to buy Prebon

At the top of the new organisation will be Lou Scotto, Tullett Liberty’s chief executive officer, who will oversee Tullett Liberty and Prebon’s businesses. Patrick Keenan, executive director of Prebon Group, will be chief operating officer.

The deal, expected to close in October, will create the second largest inter-dealer broker, behind industry heavyweight Icap, with more than 3,000 staff in 26 cities around the world.

"These businesses, with depth and strength in all major centres and acr