Cornford Leaves NatWest For New FX Fund After Three Months In Global FX Chief Job

BANKS

National Westminster Bank's recently appointed head of global foreign exchange, Michael Cornford, last week again stunned the London foreign exchange market with an abrupt departure. This time he has not left for another bank, but to start up his own fund management company, according to NatWest officials. Cornford could not be reached by press time for details of the new company and its investors.

Cornford, 47, stayed at NatWest for less than three months - he joined the bank at the beginning of

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