Barclays Capital has announced a series of appointments and promotions, which have made Alan Brown the new group risk director, and Michael O'Neill chief executive officer. Brown is presently a vice-chairman of Barclays Capital, responsible for development of the firm's credit business and the integration of market and credit risk.

In his new role, Brown will assume oversight for the bank's overall risk profile. He will direct the group's risk strategy and policies, including market, credit and

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