People moves
Joe Lam, managing director of brokerage house Prebon Yamane in Hong Kong, has retired after 28 years with the company. Replacing him is Peter Pao, previously Hong Kong-based managing director of the broker’s money markets division.
Lam began his career at Prebon, then named Charles Fulton, as a trainee foreign exchange dealer in February 1975, and later moved up the
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