Scandinaviska Enskilda Banken in London has relocated Klaus Sandesjo, head of forex at its branch in New York to take up the position of head of forex sales and trading. Sandesjo replaces Stein Gulbrandsen, who is returning to Sweden on April 1 as head of the Stockholm spot desk, says Joran Bronner, head of forex in Stockholm. Sandesjo says a replacement for a head of forex in New York has not yet been found.

David Hubbard will succeed Carl Mosselmans as chairman of Exco, the money brokers

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