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PERSONNEL

Royal Bank of Scotland's new head of trading John Masters has taken charge of risk management for foreign exchange, money market, bond market, swaps and options products in the bank's trading room in London (FX Week, May 17). He sees expansion as his mandate, both in terms of customer penetration and product range. "I am looking in the first place to extract added-value by achieving greater cohesion between the various product areas," says Masters, aged 37, formerly with the State Bank of New

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