Tullett Prebon announces new office in Johannesburg, South Africa

By Tali David

Minneapolis, Oct. 23 - Tullett Prebon announced the opening of a new office in Johannesburg with Charles Morgan to act as managing director of South Africa.

According to a press release, the new office will handle South African Government Bonds, working with Tullett Prebon's London-based team that has offered these products.

The office has received regulatory approval from Johannesburg Stock Exchange.

Morgan, a new hire, previously held positions at BNP Paribas, Kleinwort Benson and Deutsche Bank.

"I am delighted that Tullett Prebon has established an office in South Africa, enabling us to assist our clients' needs across the South African market place," managing director Rob Osborne said in the release.

"It is important that we have a local physical presence, reinforcing our commitment to the region and enhancing our offering with local knowledge and expertise."

Tullett Prebon operates as an intermediary in the wholesale financial markets. Its principal offices are in London, New Jersey, Hong Kong, Singapore and Tokyo.

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