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FOREIGN EXCHANGE

FX round-up: Longmore bales out of Merrill

Richard Longmore, head of EMEA FX sales, has abruptly left Merrill Lynch.

His departure will raise further questions about what is going on in the bank’s FX department following the departure of Marcus Browning and four of his colleagues to Citibank. Longmore, like Browning, joined Merrill from JPMorgan. Unconfirmed rumours suggest he was about to join Barclays.