Pressroom - Press Release
Prebon Marshall Yamane recruits MOGAS team to start push back into oil
10/06/2003

June 10, 2003 - Prebon Marshall Yamane announced today that they have successfully signed a MOGAS team to join their Energy division from TFS, signalling their move back into the European oil markets and underlining their commitment to the energy sector.

The team of five brokers (Marc Thompson, Giles Reynolds, Mark Skrypec, Rosanne Sergeant and David Seamark) are joined by oil market veteran Andrew Walker, who will be working on business development opportunities in oil products. Four of the team are re-joining the company they left 18 months ago.

Andrew Polydor, European MD of Prebon Energy, states “We are delighted that this team has decided to join us to spearhead our re-entry into the oil market. They have recognised our long-term commitment to the Energy sector and are excited by our plans to build the business in conjunction with our successful Asian oil products group. Oil products should be what underpins our Energy division and we will be taking further steps to implement this strategy, with the aim of becoming a significant European player in the next 12-24 months.”

Tony Verrier, CEO London, Prebon Marshall Yamane, adds “This is yet another example of our confidence in, and commitment to, the Energy sector. We have stayed with it during the recent difficulties and are now making, and will continue to make, investments to build our presence because we believe in the long-term prospects for growth and profitability.”

About Prebon Yamane
The Prebon Yamane group of companies provides brokerage services for financial and commercial institutions worldwide in the foreign exchange, money market, derivative, securities, energy and emerging markets. Prebon Yamane group of companies comprises more than 1,800 staff located in 28 financial centres world-wide. Please visit www.prebon.com for more corporate and product information.

For further information please contact:

Prebon Marshall Yamane (UK) Ltd Prebon Energy
Colin Newlyn
T +44 20 7200 7110
Email: colin.newlyn@prebon.co.uk
Andrew Polydor
T +44 20 7200 7107
Email: Andrew.Polydor@prebon.co.uk