Prebon Names Capobianco To Run New Commodities Unit

BROKERS

JERSEY CITY--Prebon Yamane (USA) has launched a new unit, Prebon Commodities, under Carmine Capobianco, who was previously president of the FX division and is currently chairman of Prebon's Trading Committee and a member of the Executive Committee. Prebon Commodities will encompass such commoditized markets as FX, energy, weather and insurance.

The decision to include foreign exchange in the commodities operation "recognizes the increasingly commoditized nature of these markets, especially

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