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Claus Wagner, formerly Citibank's Frankfurt treasury director, has moved to the bank's London office as head of FX options for Europe, bank officials confirm. He replaces Mike Hargrove, who left Citi in July to join National Westminster Bank as global options chief (FX Week, July 26). Dieter Pfundt, formerly head of new issue syndication on the bank's capital markets desk in Frankfurt, has replaced Wagner.

Gulf Bank, Kuwait's second largest commercial bank, has appointed John Harris, formerly

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