Sam Ruiz has become the new CEO of Tullett Prebon’s Institutional Services unit. The move follows his tenure in several directorship positions over the past couple of years.
According to a Companies House filing he has resigned from his non-executive director position at ADS Securities after a year and a half. Ruiz will continue serving as non-executive director at multi-asset fund Global Sustainable Capital Management which is focused on sustainable development investments. He also retains a director position at consultancy firm Agrippa Consulting Ltd.
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The Tullett Prebon appointment comes at a key period for the company as it is concluding the £1.1 billion ($1.4 billion) takeover of ICAP’s voice broking business. The company passed a crucial regulatory challenge earlier this month after the UK Competition and Markets Authority allowed the deal to take place.
The London based brokerage has had to agree to sell off ICAP’s oil trading business to appease the regulator. Despite this detail, Tullett Prebon is set to become one of the biggest voice broking companies in the world, joining the likes of BGC Partners, which took over GFI last year.
Sam Ruiz boasts 30 years of experience in capital markets after holding several leadership and management roles at major banks including Nomura and Lehman Brothers. His expertise is in equities trading with substantial background in the risk, trading, technology, governance and regulation areas of the financial services business.