It's a pity, as Mr Persaud has already left JP Morgan, where he was head of currency research, as I wrote a fortnight ago. Putnam, one of the world's oldest and biggest fund managers, says it is seeking to fill Mr Persaud's job "as a matter of urgency".
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AVINASH PERSAUD, one of the highest rated currency analysts in the City, has changed his mind over going to Boston to join Putnam Investments. A spokesman for the former JP Morgan high flyer says that "a personal glitch came up late in the day and he's not going after all".