Mark Snyder, US bank State Street’s global head of currency and money market sales and trading, has been appointed chairman of the Foreign Exchange Committee, a trade body.The New York-based Committee aims to serve as a communications channel between the Federal Reserve Bank of New York, which sponsors it, and market participants. It also serves as a forum for the discussion of technical and fair practice issues regarding the foreign exchange and international money markets.
Snyder will serve a two-year term. He has been a member of the Committee for the past five years, where he took part in formulating industry best practices.
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