Duncan Stands Down From Echo Hot Seat As Norwegian Banks Join Clearing House

- By FX Markets Staff
- @FXMarkets_
- 08 Jan 1996

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Graham Duncan, architect of the Exchange Clearing House Organisation, has stepped down in a surprise New Year management reshuffle announced today. Bob Holmes, a recently retired senior manager from Midland Bank, succeeds him as managing director of the London-based multilateral FX netting clearing house, officials say.

As part of the changes, Peter Davey, currently director of risk and finance at Echo, has been named to the new post of deputy chief executive. Duncan who has completed a three

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