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Banco Fator names head of money management ops

has named WagnerMurgel as head of the bank's money management operations, effective Oct. 3,Reuters reported.

Murgelreplaces Marco Bologna, the bank's current CEO, and he will focus on boostingFator's fee-related income and capital markets activity in Brazil, the reportsaid.

Meanwhile,Antonio Conceição will remain as the bank's chief investment officer of FatorAdministração de Recursos and will report to Murgel.