ED&F Man Absorbs Geldermann After Closing Chicago Operation

- By FX Markets Staff
- @FXMarkets_
- 08 May 1995

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Financial trading house ED&F Man officially closed the Chicago offices of its recently-acquired futures commission merchant, Geldermann, on April 28, and has undergone a reorganisation. Several of the 10-strong trading team will be absorbed by Man's New York and London offices, but the others have been let go or left of their own accord.

John Skajem, formerly executive vice president of the FX division for Geldermann, is being transferred to London to work in a global sales capacity, according to

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