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Ex-Barclays man to go to Church

Hector Sants

Sir Hector Sants, who resigned from his role at Barclays just two months ago due to stress and exhaustion, is being lined up by the Archbishop of Canterbury to lead a new financial taskforce.



Hedge Fund

BofA starts program for hedge fund start-ups

Bank of America’s Merrill Lynch unit plans to sign up five Asian hedge-fund start-ups a year as part of its emerging manager program that gives them exclusive access to the bank’s resources, usually reserved for managers of billions of dollars.