Credit Lyonnais Restructures Sales In NY Under New Forex Manager

BANKS

Credit Lyonnais is reorganizing its distribution activities in New York and has hired Garry Bale as the new head of FX sales to lead the expansion on the institutional sales side, says Allan Rosenberg, CL's New York-based treasury head.

Bale joins from Deutsche Morgan Grenfell in New York where he held a senior sales position. He was one of the original team of ex-Citibankers that joined DMG along with Michael deSa two years ago (FXW, April 25, 1994). He replaces Donna Segal, who has left the

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