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PEOPLE

Bank of Montreal has named Neil Ward as its new chief spot dealer in Chicago, says FX manager Don Lloyd. Ward replaces John Martin, who left the bank to join Commonwealth Bank of Australia in New York. Separately, BMo's dollar/market trader Brian Sadoff has left the industry. Lloyd says BMo is currently looking to fill the vacated positions.

Deutsche Morgan Grenfell has hired Wayne Grigull as head of global foreign exchange coverage for hedge funds in New York, a newly created position,

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