Most Prebon Data Sales Staff Safe

ORGANIZATION & STRATEGY

Most, if not all, market data sales staff at interdealer broker Prebon will find new homes at former rival Tullett, despite a swathe of job cuts by Tullett parent Collins Stewart, which recently bought Prebon.

Sources describe the cuts—some of which were implemented almost immediately following shareholder approval for the takeover—as the "night of the long knives." But they say Mike Kirby, head of data sales at Prebon in New York, will survive the cull, as will some others.

Tullett Takes On

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