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KLAUS SAID ON THE MOVE

Rumours circulated last week that Klaus Said, head of liquid markets at JP Morgan's e-commerce unit, LabMorgan, is set to join CSFB in New York as head of global FX. New York banking sources say Craig Puffenberger and Rusty Elvidge, CSFB's current co-heads of FX would report to Said, who was also formerly head of FX at JPMorgan.

CSFB did not comment on the rumoured appointment, although some banking sources expect an announcement this week.

COMMONWEALTH BANK LOSES FOREIGN

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