Jeff Mitchell, president of Australian Forex, says the club will hold its annual meeting on November 3 in Sydney, when it will review the accounts and hold elections for two or three seats. The club is also liaising with the British Bankers Association on such issues as dealing with fund managers, as well as a definition of what constitutes knock-in and knock-out of options.

SBC Warburg's first 100 days in London was marked by the gift to every staff member of a silver-plated upmarket pen

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