Tullett appoints head of equity options

Inter-dealer broker Tullett Prebon has appointed Simon Drake as director of equity options in its new London-based volatility division.

Drake has been with Tullett for nine years and was previously head of single stock equities. He will continue to report to Marcus Bolton, head of the volatility division. His replacement as head of single stock equities has not yet been announced.

The volatility division was established last month as the final part of a firm-wide reorganisation. The division comprises global forex options, interest rate options, single-stock and equity index options, and financial futures and options.

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