Tullett Prebon

Tullett Prebon

October 23, 2013 05:23 ET

Tullett Prebon Expands Into South Africa With Johannesburg Office Opening

LONDON, ENGLAND and NEW YORK, NEW YORK and SINGAPORE, SINGAPORE--(Marketwired - Oct. 23, 2013) - Tullett Prebon, one of the world's leading interdealer brokers, announces the opening of a new office in Johannesburg, South Africa.

Tullett Prebon's recent new hire, Charles Morgan, will head up the office in his role as Managing Director of South Africa. Charles previously held positions at BNP Paribas, Kleinwort Benson and Deutsche Bank.

The new office will broke South African Government Bonds, working with Tullett Prebon's London-based team which has offered these products for a number of years. The office has received regulatory approval from Johannesburg Stock Exchange.

Commenting Rob Osborne, Managing Director Rates EMEA at Tullett Prebon, said:

"I am delighted that Tullett Prebon has established an office in South Africa, enabling us to assist our clients' needs across the South African market place. It is important that we have a local physical presence, reinforcing our commitment to the region and enhancing our offering with local knowledge and expertise."

About Tullett Prebon

Tullett Prebon (www.tullettprebon.com) is one of the world's largest interdealer brokers and operates as an intermediary in wholesale financial markets facilitating the trading activities of its clients in seven major product groups: Rates, Volatility, Treasury, Non Banking, Energy & Commodities, Credit and Equities.

With offices in 24 countries, Tullett Prebon operates voice, hybrid, electronic, volume matching, algorithmic matching and risk mitigation platforms, to accommodate the needs of its clients, and to satisfy the regulatory driven evolution of the marketplace. On 24 September 2013 Tullett Prebon was granted temporary registration from the Commodity Futures Trading Commission ("CFTC") for the Company's swap execution facility ("SEF"), tpSEF Inc. Tullett Prebon will continue to provide regulatory compliant infrastructures in all other jurisdictions.

In addition to its brokerage services, Tullett Prebon offers a variety of market information services through its IDB Market Data division, Tullett Prebon Information.

Tullett Prebon has its principal offices in London, New Jersey, Hong Kong, Singapore and Tokyo, with other offices, joint ventures and affiliates in Bangkok, Dubai, Frankfurt, Geneva, Houston (Texas), Jakarta, Johannesburg, Luxembourg, Madrid, Manama (Bahrain), Manila, Mexico, Mumbai, New York, Paris, São Paulo, Seoul, Shanghai, Sydney, Toronto, Warsaw and Zurich.

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