(Bloomberg) -- Tullett Prebon Plc said Angus Wink will retire from the firm after 26 years, to be replaced by James Potter as chief executive officer for Europe.
Wink will continue to provide counsel as an independent adviser from early 2017, the London-based interdealer broker said Monday in a statement.
The shuffle comes amid Tullett's 1.1-billion-pound ($1.4 billion) purchase of ICAP Plc's voice-broking business, expected to be completed in the next few months.
“Angus was a lead architect in many successful acquisitions and strategic decisions over the years and his commitment and dedication to our firm has been unwavering,” Tullett CEO John Phizackerley said in the statement. “I am delighted that James is taking on the role as EMEA CEO. This is an exciting time for the firm as we approach our next chapter for TP ICAP.”
The deal creates the world's biggest broker of transactions between banks with a workforce of more than 3,000 voice brokers. Phizackerley is betting that many transactions and assets will still need brokers to match buyers with sellers.
To contact the reporter on this story: Will Hadfield in London at whadfield@bloomberg.net. To contact the editor responsible for this story: Trista Kelley at tkelley2@bloomberg.net.
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