Duff & Phelps builds secondaries team with Tullett Prebon hires

The corporate advisory firm moved into secondaries in June 2016 and is looking to do deals across Europe, North America and Asia.

Duff & Phelps, the US corporate advisory firm with a growing secondaries arm, has poached two senior professionals from broker-dealer Tullett Prebon Alternative Investments.

Dan Nolan joins the firm as a director of secondaries market advisory, having spent four years as senior broker, alternative investments, at Tullett’s London office, according to his LinkedIn page.

Bill Arnold also joins Duff & Phelps’s London secondaries market advisory team. He spent 10 years at Tullett Prebon working across primary and secondaries private equity and hedge funds, according to his LinkedIn page.

In May he moved to Tullett’s New York office to help lead its North American secondaries effort, as Secondaries Investor reported.

Duff & Phelps’s London secondaries team is led by Richard Olson. The firm has offered a secondaries advisory service since June 2016 and is aiming to offer the service across North America, Europe and Asia.

In March the firm hired Trevor Blake from secondaries firm PEI Funds as a senior associate in the New York office.

At the end of last year Duff & Phelps was acquired by private equity firm Permira Advisers for $1.75 billion. The takeover will lead to no change in management or strategy, a spokesman for Permira told sister publication pfm at the time.

The Wall Street Journal first reported the hires.