CFS reorganises finance team

John Reizenstein, executive director of Co-operative Financial Services' (CFS) finance & actuarial division has been promoted to managing director of its newly founded corporate and market division. Reizenstein will still have the responsibilities of his previous position, in addition to heading up the company's new London-based treasury, investment and corporate banking unit.

At the same time CFS group chief actuary, Tim Bunch, has announced his retirement. Peter Mayes will take over the

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