PERSONNEL

PERSONNEL

John Arnold, vice president, foreign exchange at Morgan Guaranty Trust Co., retired from the bank earlier this month after some thirty years, officials there confirm. No replacement has been named, these sources say, though Arnold has been serving as a consultant in the wake of his departure and will continue to do so.

Meanwhile, James Borden, senior vice president at Chase Manhattan Bank, has assumed Arnold's post as chairman of the Foreign Exchange Committee for the remainder of the year, a

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