Four Senior Treasury Managers Quit Midland Global Markets In London

BANKS

Midland Global Markets (MGM) has lost four senior executives in treasury in the past few weeks. David Gelber, MGM's chief operating officer, quit at the beginning of March, according to bank sources. He was followed by Vib Baxi, director of interest-rate proprietary trading, Gerry Reynolds, head of money markets and Michael Burton, chief of foreign exchange sales and marketing, all of whom resigned about two weeks ago, bank officials confirm.

Neither Gelber nor Baxi has resurfaced yet, while

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