TRADING PLACES
TRADING PLACES
Nick Parsons has joined Commerzbank as head of European strategy in London. He replaces Stewart Newnham, who moved to State Street earlier this summer. Parsons was formerly head of currency research at Paribas in the City, where he reported to Paul Mortimer-Lee, chief economist.
Mike Horrocks, head of global FX at Canadian Imperial Bank of Commerce (CIBC) in Toronto has moved to take up a new position as head of treasury, confirms an official at the bank. This is due to the merging of CIBC's
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