OTC Valuations (OTC Val), a technology driven services firm of UK-based inter-dealer broker Tullett Prebon, has opened sales and client service offices in London and New York.
The expansion of the business follows the recent acquisition of Vancouver-based OTC Val by Tullett Prebon.
Bob Sangha, head of the Americas, will be located in New York; Miroslav Vanous, head of EMEA, will be based in London; and Paul Bergbusch, head of technology, in Vancouver.
Tullett Prebon Information electronic broking chief executive Paul Humphrey said that establishing offices in London and New York is an important expansion of OTC Val, enabling the firm to better service clients and enhance its global reach.
“These additional regional centres not only provide local time zone sales and support capabilities, but also act as additional hubs for service delivery and technology integration,” Humphrey said.
OTC Val focuses on portfolios of complex OTC derivatives and structured products across asset classes. Its service delivers auditable valuation reports, complete supporting documentation, and price challenge capability to banks, fund administrators, hedge funds, asset management firms and corporates.