JOB CYCLE

 Andy Law has joined Commonwealth Bank of Australia as manager of risk management sales in London, replacing Sarah Pearce, who has left the bank.

Law was previously assistant director on the structured derivatives desk at Hambros Bank in London. A Hambros official says Law's former position has not yet been filled.

 Per-Jonas Carlsson has been appointed president of OM New Markets, part of the Stockholm-based OM Group. Carlsson will be responsible for developing new markets for OM's transaction

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