Harlow Butler & Garban Companies "Demerge" From United News & Media
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LONDON--As FX Week went to press last week, the United News & Media group announced the demerger of its two brokerage businesses, Harlow Butler and Garban. The brokers are set to join forces as an integrated money and securities house, under the name Garban.
The deal, which is still subject to shareholder and regulatory approval, could help set the shop apart from its main competitors in the forex market, Tullett & Tokyo Forex International and MW Marshall & Co, say market sources.
"Harlow
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