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Tom Masterson to VP-managing director, Asia, at McGraw-Hill Co.'s BusinessWeek, based in Hong Kong, from VP-worldwide circulation, based in New York. He succeeds Alan Lammin, who resigned earlier this year to join Time Warner's Time Inc. as publishing director, Asia in Hong Kong.

Richard Selbourne to creative director, Omnicom Group's DDB Worldwide, Sydney, from creative director, Publicis Groupe's Leo Burnett Worldwide, London.

Tim O'Kennedy, 45, to managing director of Wieden & Kennedy, Amsterdam. He has spent the last four months at Wieden's Portland, Ore. office.

Ramiro Agulla and Carlos Baccetti, the founders of Argentina's leading creative hot shop Agulla & Baccetti, are considering returning to advertising after selling their majority stake in Lowe A&B to Interpublic Group of Cos.' Lowe Worldwide in order to focus on creating TV programs. Speculation is rife in Buenos Aires that the duo, who have been producing hit TV shows, are discussing possible associations with big multinational agencies like WPP Group's Young & Rubicam.

David Lamb, 44, to exec VP-director of multinational clients at WPP Group's JWT, London, from worldwide director of account planning, New York. He takes on responsibilities for five clients: Unilever, Diageo, Diamond Trading Co., Shell and HSBC.

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