O'Sullivan exits UniCredit

LONDON - Dan O'Sullivan has followed Ben Welsh through the exit door at UniCredit in London, amid rumours the bank plans to scale back its markets division.

O'Sullivan, global head of foreign exchange trading, quit the bank a fortnight ago (April 17) - just days after Welsh left his post as head of fixed income, currencies and commodities. A source close to the bank said that internally it has been revealed UniCredit is planning to draw in its horns in the markets division and focus on its core

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