Midland, Hongkong Forge New Management Structure

BANKS

The outlines of the new combined treasury group at Hongkong & Shanghai Banking Corp. (HSBC) and Midland Bank have begun to emerge. FX Week has obtained an internal memorandum circulated by newly named treasury director Guy Heald which lays out the organization that will report to him.

The memo names Rob Loewy, until now foreign exchange manager at HSBC in London, as head of foreign exchange trading and sales in London and confirms that Midland's global foreign exchange director, Tom Lockett, will

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