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HERD

Bhavesh Patel has left Reuters to become the new vice president of custom application development at Merrill Lynch in New York. Patel spent almost 11 years at Reuters, most recently as manager of the open systems consulting group for Reuters America.

Jim Farese has joined Reuters as vice president, fixed-income sales. He will report to Russ Lake, senior vice president and national sales manager. Farese was previously with Dow Jones Markets.

Will Kennedy has joined Netrisk, a Greenwich, Conn

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