After 30 years in the market, David Clark, executive general manager of Bankgesellschaft Berlin in London, is retiring. Clark, who is also a former president of ACI - The Financial Markets Association, will continue working at the bank until later in the summer.

Sources say that Neil McKinnon is joining Merrill Lynch in New York as a senior currency strategist. McKinnon was formerly chief currency strategist at Citibank, but he left the bank last year to set up an independent consultancy

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