Tullett Prebon builds on OTC product transparency

The openings mark an immediate expansion of the business, following the recent acquisition of Vancouver-based OTC Val by Tullett Prebon, it said. Bob Sangha, head of the Americas, is based in New York; Miroslav Vanous, head of EMEA, is in London; and Paul Bergbusch, head of technology, in Vancouver.

Paul Humphrey, chief executive of electronic broking and Tullett Prebon Information said: “These additional regional centres not only provide local time-zone sales and support capabilities, but also

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Banca Italease restructures after losses

MILAN – Banca Italease is to reorganise its risk management and control processes, following the announcement of a net loss of €686 million ($937 million) from its derivatives business.

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