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Derivatech official departs

Howard Savery, senior vice-president of business development at risk management vendor Derivatech in New York, has left the firm after it was bought by SunGard subsidiary Front Capital Systems in April. Savery told FX Week he intends to return to the markets in September.

He joined Derivatech in 1999 from the former Republic National Bank of New York, now part of HSBC, where he was global head of FX and precious metals options. He also previously co-managed FX

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