Don Lloyd Leaves Bank of Montreal


CHICAGO--Don Lloyd, head of foreign exchange has left Bank of Montreal in Chicago.

Neil Ward, chief trader has taken on Lloyd’s trading responsibilities, while Debbie Rechter, head of FX sales in Chicago has taken responsibility for the sales side.

Lloyd’s departure follows heavy cutbacks and senior departures from Bank of Montreal over the past year, leading recruiters in the North American forex market to see signs of trouble ahead for the bank in this latest move.

But at the bank’s 24-hour

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