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Foreign Exchange

Turmoil at Tulletts

Marcus Bolton is believed to have taken a leave of absence from his duties as chief executive officer the Americas for Tullett Prebon. Euromoney understands the decision was taken earlier this month after an incident involving Bolton and a member of staff in the broker's middle office.

Bolton is one of the foreign exchange market’s more colourful characters – some of his escapades have become the stuff of folklore.

Bolton has had a long and successful career at the company, which he originally joined in 1990. He was promoted to his current position in March 2009, having previously run the company’s volatility or derivatives group in London.

Tulletts has been unavailable to comment on the latest saga surrounding Bolton. In the interim, it is believed that Bolton’s duties will be assumed by Steph Duckworth, who recently relocated to New York as the broker’s global chief operating officer.

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