Man to build on Refco's ashes
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Like the US arm of Refco, the new entity will principally provide electronic forex execution and clearing services. It will be headed by Stephen Dispenza, previously chief operating officer of Refco in New York, who becomes president of Man FX Clear.
Dispenza brings with him a team from Refco, though Man was unavailable for comment on who is to join him.
Louis Vitta, chairman of Man FX Clear and president of Man Capital, said: "We have maintained the core infrastructure necessary to re-build what
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