Babcock Prebon Goes Into Receivership But Brokerage Subsidiary Stays In Business
BROKERS
Babcock Prebon PLC, the parent company of brokerage Babcock Fulton Prebon International, announced this week that is was going into receivership. But the brokerage subsidiary, along with Babcock's futures business, its lease packaging subsidiary and its U.S. pension funds consulting company will continue in business, the company says. These subsidiaries have been sold to a new company owned by the current management. Arthur Hughes has resigned as CEO of Babcock Prebon but will be continuing as
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