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FOREIGN EXCHANGE

People moves: Saxo to lose CIO

Word reaches me that Steen Jakobsen is to leave his position as chief investment officer of Saxo at the end of February. No word of what he is planning to do, but I understand that the decision was entirely his and he is leaving on good terms. No doubt an option will be to count his money; the buzz is that David Karsbol, Saxo’s chief economist, will head up the bank’s strategy and the fund management team.

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