Peter Davey has rejoined KPMG as a principal consultant for clearing and settlements, after five years as deputy chief executive at the Exchange Clearing House (Echo). He will report to Peter Gellatly at his new position.

Davey's post at Echo will not be filled directly, says a spokesperson for the multilateral forex netting service. Mark Hodgkinson, director of risk management, will handle risk-related issues.

Paul Braunchflour

, Echo's chief financial officer, will take over the financial

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