Salmon responsible for FX while Cross successor appointed

Cross leaves after six years

The Bank of England
Bank of England

Chris Salmon, executive director for markets at the Bank of England (BoE), will continue to assume ultimate responsibility for its foreign exchange division. A successor to Michael Cross, who recently resigned as head of FX and reserves management, will be appointed in due course, a source familiar with the matter told FX Week.

Salmon, who has held his current role since June 2014, is responsible for all of the central bank's operations in financial markets, as well as the management of its

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