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Foreign Exchange

People moves: CS hires Big Cheese for sales

Credit Suisse has announced that Martin Wiedmann will be joining the bank as managing director and head of global FX sales and distribution. Wiedmann, who will start on June 1 and be based in Zurich, will report to Steve Yanez, head of global FX. He joins from Quaesta Capital AG, an FX focused hedge fund, which he established in 2005. Before this, he spent 10 years at UBS where he rose to global head of FX distribution. Wiedmann replaces Simon Meadows, who took up the role as recently as December 2007. Meadows apparently told the bank earlier this year that he was looking for new challenges after a 16-year stint at the bank.

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