Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and 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
Brewin's Gutteridge: what's behind the second oil crash?

Brewin's Gutteridge: what's behind the second oil crash?

This week Brewin Dolphin's research head talks to Will Riley, co-manager of the Guinness Global Energy fund, about what next for oil.  

Play AA-rated Bullas: what drove my UK small cap outperformance

AA-rated Bullas: what drove my UK small cap outperformance

AA-rated Richard Bullas has quietly been making a name for himself at the helm of the Franklin UK Smaller Companies fund.

Play Sector spotlight: how Harwood's Philbin is playing emerging markets

Sector spotlight: how Harwood's Philbin is playing emerging markets

Emerging markets have been a rollercoaster for investors, but amid the doom there have been have been bright spots, such as India. 

Your Business: Cover Star Club

Profile: CHI's bond supremo on liquidity and bond risk management

Profile: CHI's bond supremo on liquidity and bond risk management

'Some people have been extremely complacent about rate rise risk. Myself, I wish they would just get on with it.'

Wealth Manager on Twitter