NatWest Plans FX Reorganisation In U.S. As Tugwell Takes Up Country Head Role
BANKS
A major reorganisation involving foreign exchange is on the cards at National Westminster Bancorp in the U.S., following the a move to give chairman and chief executive John Tugwell extra responsibility as country head, sources say. In his new capacity, Tugwell will head NatWest's businesses in North, South and Central America, says a source close to the bank. Bank officials decline comment. Under Tugwell's direction, this source says, NatWest will combine the businesses of its subsidiaries
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