Prebon transfers credit derivatives business to subsidiary
Prebon Marshall Yamane has recently transferred its credit derivatives business into a new subsidiary, Prebon Global Credit.
Tony Verrier, chief executive of Prebon Marshall Yamane, represents Prebon’s interests in the deal.
The team of 14 will remain in Prebon’s London office, and will continue to be served by Prebon in all back-office functions, such as confirmations and invoicing.
“This is a fast-moving environment and Prebon Global Credit will expand aggressively in the market to ensure we offer our clients value-added service both in terms of staff and technology,” said Santomo.
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