FX Week



Paul Richardson will take over in January as treasurer at WPP, the advertising and marketing services group, the company has announced. Richardson, currently deputy treasurer for Hanson PLC, will replace Derek Hawkins, who will continue as a consultant to the company.

Joseph Merlino will join Credit Commercial de France in New York as chief foreign exchange dealer this week, bank officials announced. Merlino, a 25-year market veteran, has been chief dealer at Bank of Montreal in New York-

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