- Tullett Prebon
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Tullett Prebon plc 
Type Public (LSE: TLPR) Industry Banking Founded 1971 Headquarters London, England, UK Key people Keith Hamill (Chairman)
Terry Smith (CEO)Revenue 
£908.5 million (2010)[1]Operating income £152.4 million (2010)[1]Net income £109.1 million (2010)[1]Website www.tullettprebon.com Tullett Prebon plc (LSE: TLPR) is one of the largest inter-dealer money brokers in the world. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Contents
History
The Company was founded by Derek Tullett in 1971 as a foreign exchange broker trading as Tullett & Riley.[2] During the 1970's and 1980s, it opened a number of overseas offices. In 1999 the Company merged with Liberty Brokerage to create Tullett Liberty. [2]
In early 2003 the Company was bought by Collins Stewart plc, a financial services company, creating Collins Stewart Tullett plc.[2]
In October 2004 the Company acquired Prebon Yamane, a broking business formed in 1990 following the merger of three leading London-based money broking businesses - Babcock & Brown, Kirkland-Whittaker and Fulton Prebon[2] - and which had adopted that name in acknowledgement of the firm's close business alliance with the Tokyo-based Yamane Group.[2]
In December 2006, the group demerged, forming two separate entities: Collins Stewart and Tullett Prebon[3].
The Company completed the acquisition of Chapdelaine, a US broker, in January 2007 and integrated the business into the its existing operations.[4]
Operations
The company operates as an intermediary in wholesale financial markets facilitating the trading activities of their clients, in particular commercial and investment banks. Tullett Prebon organises its broking desks according to the way its customers trade. It operates in eight product areas: Volatility, Rates, Credit, Treasury, Non Banking, Energy, Equities and Property[5].
Competition
- ICAP
- RP Martin
- BGC Partners (a subsidiary of Cantor Fitzgerald)
- Tradition
- GFI Group
- Mint Partners
References
External links
Categories:- Companies listed on the London Stock Exchange
- Companies based in London
- Multinational companies
- Companies established in 1971
- Foreign exchange companies
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