Central Banking

De La Rue set to name new chief executive

De La Rue, the world's biggest banknote manufacturer, appears close to naming a successor to James Hussey, its former chief executive who quit in the summer over paper production errors.

The manufacturer said on Wednesday that Tim Cobbold, a former president of Chloride, a power company, was its "preferred candidate" to succeed Hussey.

"De La Rue has been very pleased with the large number of extremely high calibre candidates the role has attracted. The discussions have not yet been concluded an

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