New name and chief executive for Tullet

Danese, based in New York, joins from Creditex, where he was president and chief operating officer.

Parent company Collins Stewart Tullett completed the takeover of Prebon in October 2004, in a transaction that gave the broker an enterprise value of £125.3 million, including debt and obligations. Collins Stewart Tullett paid £69.5 million in cash and shares for the company.

Geoff Chapman, chief information officer of inter-dealer brokerage at Collins Stewart Tullett, said: “With the development

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