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Macquarie Bank Merges Markets Businesses
Macquarie Bank says it is merging two of its three capital markets facing businesses: Macquarie Securities Group (MSG) and the Commodities and Financial Markets Group (CFM). The bank says that CFM group head, Andrew Downe, will become group head of the newly formed Commodities and Global Markets Group (CGM). MSG Head, Stevan Vrcelj, will step down from his current role and from the executive committee but will assist Downe with the integration of the two groups over the coming months.

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