Review of 2004 - May: CST buys Prebon Yamane
Lou Scotto, Tullett Liberty’s chief executive officer, was announced as head of the combined entity, to oversee Tullett Liberty and Prebon’s businesses. Patrick Keenan, executive director of Prebon Group, was to be chief operating officer.
The deal was to create the second largest inter-dealer broker, behind industry heavyweight Icap, with more than 3,000 staff in 26 cities around the world.
“These businesses, with depth and strength in all major centres and across all products, will be well
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