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COESfx gets new president

Chris (Chip) DeFilippo joined online FX electronic communications network Currency Order Execution System (COESfx) in New York on April 7, as president and chief executive officer.

He reports to founder Michael Frey and replaces Tim Kelly, who left in February (FX Week, February 24).

Formerly head of FX e-commerce at Dresdner Kleinwort Wasserstein in New York, DeFilippo plans to use his contacts in the FX business to expand the business, he told FX Week. He also aims t