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Development Secs appoints new FD

Development Securities has today announced Graham Prothero as finance director, replacing Michael Marx who has held the post since 1994.

Graham Prothero has been a partner in Ernst & Young since 2001. Prior to this he held a number of senior positions at construction company Taylor Woodrow and within the cement group Blue Circle Industries.

A statement released by the company said Michael Marx will continue as chief executive.