Deutsche Morgan Grenfell has announced that Hal Herron, head of global markets for Australia and New Zealand, will succeed Michael deSa as global head of foreign exchange. DeSa was appointed deputy chief executive officer, Asia-Pacific, on March 1 (FXW, March 2). Herron is transferring from Sydney to London to take up his new role. He will be replaced in Sydney by Steve Kennedy, head of fixed income in Australia, and Chum Darvall, treasurer for the Australian operations. Kennedy and Darvall

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