Tullett & Tokyo Names FX Head In New York To Replace Brown

BROKERS

Nick Brown has left Tullett and Tokyo Forex after nearly seven years as managing director in charge of foreign exchange in New York, confirms chief executive John Nixon in London. Brown's deputy, Merv Wilkinson has been promoted to managing director in charge of FX.

Nixon says Brown's departure is based on "philosophical differences" about the direction of the company moving forward. "As the markets continue to change, there's been some philosophical differences about the direction we believe