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Prebon in East European Derivatives Venture

Following the relocation of Cedef staff to Prebon Yamane’s London offices, Prebon is taking full control of the companies’ joint venture in Eastern European derivatives broking. From December 1, all staff working in the joint venture have officially been working under the Prebon name.

“We have long had a strong reputation in the Eastern European emerging markets,” says Garry Pithers, CEO of Prebon’s EMEA region, “And the original joint venture was proposed partly because of our desire to extend and enhance our service in those markets. We have been extremely effective in bringing together the Prebon and Cedef teams in this part of our business, generating increased liquidity for our clients that’s been reflected in the volume of business we’ve transacted.”

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