Canadian Imperial Bank of Commerce (CIBC) has lost two of its three regional heads to National Westminster Bank, officials confirm. Peter Nielsen, senior managing director and head of treasury of CIBC's New York office and Roy Lambden, head of short-term interest rate arbitrage in London have each joined NatWest in their respective centres. Nielsen will be executive vice president and head of treasury in New York, reporting to executive vice president and head of treasury at NatWest Bancorp

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