John Keane, treasurer at Banca Nazionale del Lavoro in London, has left the bank as part of a restructuring, according to sources, although officials decline to comment.

Richard Excel, a director of Barclays Capital's global foreign exchange group in Singapore and a senior yen trader, will next month join Credit Agricole Indosuez as head of currency options for Asia, confirms an official. Excel will report to Keith Underwood, global head of currency options in London. He replaces Stephen Egresits

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