NatWest Plucks Cornford From SBC London As New Head Of Global Foreign Exchange

BANKS

National Westminster Bank in London has hired Michael Cornford from Swiss Bank Corp. in London as its new head of global foreign exchange, bank officials confirm. Cornford, 47, who was managing director of FX for SBC's London branch, was still negotiating his terms of departure last week. He is expected to take up his post in May, say officials.

Cornford has only been with SBC for a bit over a year - he left Canadian Imperial Bank of Commerce unexpectedly in January last year after being named as

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