Tullett Prebon has announced it has promoted Marcus Bolton, one of the market’s more colourful characters, to its chief executive in the Americas. Bolton succeeds Lou Scotto, who will act as a consultant to the company. Bolton’s role as managing director, volatility, based in London has been filled by Paul Dunkley. They are effective March 9. Bolton has had a long stint at Tullett Prebon and its predecessor companies, starting in 1990. Before that he worked at the fun factory called Continental Bank of Illinois.
Dunkley is also a market veteran. He was managing director of Eurobrokers and has been a director of the Weather Exchange. Over the last three years, Dunkley has built up Tullett Prebon’s interest rate options desk.