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Default Function to display text

Dear Expert,

I have a cell containing text as follows:

R:\Team A \Client Vals\Equity Derivatives\Daily\Valuations Temp\Fixings.xls

How can I display the text from second last of \ or last of the \ please ?
In this case, for second last of \ should be Valuations Temp\Fixings.xls
In this case, for last of \ should be Fixings.xls

Thanks in advance,
 
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