Tullett Prebon Secures Alastair Sword as its Head of Alt Investments

Tullett Prebon Alternative Investments (TPAI), the alternative investments subsidiary of Tullett Prebon, has announced its latest senior executive move with the addition of Alastair Sword as its Global Head, according to a Tullett Prebon statement.

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Tullett Prebon is one of the industry’s largest interdealer brokers, with TPAI being responsible for myriad illiquid alternative assets. The group itself was founded in 2009 and has since been tasked with LP fund transfers, managed auction processes, and direct asset divestments across a multitude of channels including hedge funds, private equity ventures, and real estate.

In his new role as TPAI’s Global Head of Alternative Investments, Mr. Sword will be based out of the group’s London branch. He joins TPAI after a lengthy career in the financial services industry, dating back to 1987.

Prior to TPAI, Mr. Sword worked as the Head of Asian Sales at Roubini Global Economics, as well as seeing multiple stints at leading global lenders. He held roles at Bank of America as its Head of Asian Equity Sales for Asia-Pacific (APAC) South and Europe, Middle East, and Africa (EMEA) regions, along with a position at Citigroup in its Asian Equity Sales unit, according to information made public on his Linkedin profile.

According to Paul Dunkley, Managing Director, Volatility and Credit, Tullett Prebon, in a recent statement on the appointment: “Since it was formed TPAI has made considerable strides to take full advantage of the extensive broking opportunities which continue to exist across the spectrum of secondary alternative assets.”

“In Alastair we have appointed a financial professional with both the breadth and depth of management experience that we needed to elevate our offering to TPAI’s broad base of global and domestic clients that we service from our offices in London and New York,” he noted.

Earlier today, Tullett Prebon made headlines after it became the first firm to successfully send a Swap Execution Facility (SEF) trade for clearing at the Japan Securities Clearing Corporation (JSCC). The trade was executed via tpSEF's hybrid Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term.