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Lloyds’s Global Head of Spot Foreign Exchange Said to Step Down

Lloyds Banking Group Plc’s global head of spot foreign exchange, Darren Coote, has resigned, according to three people with knowledge of the move.

Coote quit last week for personal reasons and the move is unrelated to any disciplinary investigations, said one of the people, who asked not to be identified because the decision isn’t public. Coote, who worked in London, didn’t immediately respond to a message left with a colleague or to an e-mail to his work address.