Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Tullett Prebon plans Terry Smith's succession

Tullett Prebon plans Terry Smith's succession

Tullett Prebon is understood to be in advanced talks with a successor to chief executive Terry Smith.

Smith (pictured) is expected to step down from interdealer broker at the end of the year, the Financial Times reported, to focus on his asset management company Fundsmith. He has headed the compant for eight years after it spun out from Collins Stewart in 2006.

According to the Financial Times, Tullett Prebon is in advanced talks with John Phizackerley, a former Nomura and Lehman Brothers executive, to lead the group.

The news comes as Smith prepares to raise up to £250 million for the launch an emerging markets trust, as revealed by Wealth Manager last week.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Boutique tapes: my business will never be sold

Boutique tapes: my business will never be sold

In the final part of our four part series we discuss consolidation and whether it's getting tougher for boutiques to survive.

Play Boutique tapes: are top managers better off at small firms?

Boutique tapes: are top managers better off at small firms?

In episode three of our series, boutique bosses discuss whether the best fund managers are more likely to thrive at smaller firms.

Play Boutique tapes: if you want a Ferrari, you have to pay for it

Boutique tapes: if you want a Ferrari, you have to pay for it

In the second part of our four-part series, boutique bosses are asked how they can justify the fees charged by active managers.

Read More
Your Business: Cover Star Club

Profile: how this boutique beat the big guns of wealth

Profile: how this boutique beat the big guns of wealth

This small west country offshoot of a local IFA scooped a 2018 Citywire award from beneath the noses of the national challengers

Wealth Manager on Twitter