Terry Smith could soon leave Tullett Prebon

Exit Sign

Terry Smith, the chief executive of Tullett Prebon and a prominent figure in London's financial circles, could leave the interdealer broker as early as the end of June, a source familiar with situation told Reuters on Tuesday.

The news agency reports that Smith, who has led Tullett since 2006, is stepping away from the brokerage to focus on Fundsmith, the asset management firm he founded in 2010, the source added.

Tullett, whose staff match buyers and sellers of currencies, bonds and other tradeable instruments, confirmed late on Tuesday that the firm was engaged in a succession planning process.

In a statement prompted by media speculation, Tullett said the search for Smith's replacement was 'well-advanced'. The company's board has agreed that Smith will step down once a successor has been appointed, it added.

To access the complete Reuters article hit the link below:

Tullett's CEO Terry Smith could leave at the end of the month 

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