Finance Magnates has learned that Stephen Duckworth, a Senior Managing Director with Tullett Prebon, will be retiring at the end of this year.
Duckworth was the CEO of the inter-dealer broker’s EMEA division from 2003 to 2006.
Information released on Friday afternoon via the broker’s companies house page indicates that he ceased to be a director at the firm on Tuesday.
Finance Magnates contacted Tullett Prebon’s press office, and the company confirmed that Duckworth would be retiring at the end of this year.
Until then, it appears that he will stay in his role as a Senior Managing Director, working in the broker’s rates, European government bonds, and repos division.
Duckworth’s retirement from Tullett Prebon marks the end of an almost twenty-year-long career with the firm.
After a short stint with Natwest Markets in the mid-90s, Duckworth joined Liberty Eurasia as a Director in its bond derivatives division.
Soon after that company was acquired by Tullett & Tokyo in 1999, it became known as Tullet Liberty.
From Liberty Eurasia to Tullett Prebon
Starting in 2000, Duckworth began working as a Director in Tullett Liberty’s fixed income and Volatility products division.
Three years later, he switched positions again - this time working as a Director in the inter-dealer broker’s rates and credit division.
It was after this that Duckworth took up his old role as CEO of Tullett Prebon EMEA.
Following three years in that position, Duckworth changed roles again to become Tullett Prebon’s Chief Operating Officer.
Since leaving that position in 2012, Duckworth has held a number of different roles.
Alongside heading up Tullett Prebon’s European government bond division, he spent two years as a Managing Director for new business and eight months as a Managing Director working on credit products, Equities , and European government bonds.
Duckworth was promoted to his current and final position with Tullett Prebon in October of last year.
