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Abbey National announces corporate changes

Abbey National has announced changes to its corporate structure in an attempt to become more competitive in the increasingly internet-driven marketplace.

Yasmin Jetha is joining the executive committee as group IT and infrastructure director. She had previously held the title of retail operations director.

The bank has split into eight business units, half dealing with cutting costs, and half with increasing revenue.

Abbey is preparing itself for a June launch of its internet bank Cahoot.


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