August leaves Merrill for TD Securities
August will remain in London and will report locally to Michael Twaits, head of distribution in Europe, fixed income and FX. He will begin at the bank in three months' time, once the gardening leave obligations of his previous position have been fulfilled.
The Canadian investment dealer said that, although August's position is not new, the role had changed and is now more senior. TD declined to expand on the changes, but added that the bank is likely to make more foreign exchange sales hires in
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