Forex USA Elects New Council; Chase's Lifson Named President

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Members of Forex USA have elected Matthew Lifson, vice president at Chase Manhattan Bank, as its new president. The election results were announced at the annual meeting late last month and brought new blood to the board.

Forex USA is an affiliate of the international forex organisation, the Association Cambiste Internationale (ACI). All those successful in last month's elections will serve three-year terms.

In addition to Lifson, Patrick Devine of ANZ Bank, New York, was elected as vice

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