Cedel management changes

Cedel International, the Luxembourg-based securities depository, has appointed Carlos Salvatori as deputy to president and chief executive officer Andre Lussi. Salvatori, who has held a number of positions at Cedel since joining from Citibank in 1994, was previously chief operating officer of Cedel Global Services (CGS), which houses the IT development and operations functions and provides processing for sister company Cedelbank. He is to be replaced by Graham Prosser, who joins from Lehman Brothers in London.

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