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Merrill names twin commodities chiefs

Merrill Lynch has appointed two co-heads of global commodities as the bank reorganises its fixed income, currencies and commodities division, which the bank today said had booked losses of $7.9bn (€5.6bn) in the third quarter.

Merrill named David Goodman and Rob Jones as co-heads of global commodities, according to energy news website SparkSpread, which cited an internal memo.

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