Interdealer broker Tullett Prebon has made changes at the top of its Americas business, according to market sources.
Squawkbox is told that Marcus Bolton is stepping down from his role as CEO of the Americas to return to the firm’s London office in an as-yet undefined role. He will be replaced by John Abularrage, who is joining from Collins Stewart, where he was CEO. Tullett Prebon and Collins Stewart were one business after the latter bought Tullett in 2003, but the two firms were de-merged into separate entities in late 2006.
Also joining the firm in the Americas, according to sources, is Martin Lynch, who is being appointed to a new regional role of chief operating officer for the Americas. Lynch is also joining from Collins Stewart, where he was chief financial officer. Both men will report to Terry Smith, chief executive of Tullett Prebon.