CLS Appoints Four New Board Members

CLS Group Holdings, which operates the multi-currency cash settlement system designed to eliminate settlement risk in the foreign exchange market, has appointed four new members to its Board of Directors: Sir John Gieve, Kenneth Harvey, Christine Mead and Bryan Osmar. With the addition of these four directors, the size of the Board increased to 23 directors. Three of the new members are outside directors with no affiliation to any of the settlement members that use the CLS settlement service.

Sir John Gieve, an outside director, is currently chairman of Vocalink and a former deputy governor of the Bank of England. Kenneth Harvey, also an outside director, is a non-executive board member of Amber Road, and has previously held a variety of senior technology positions including group managing director and CTO and services officer at HSBC Holdings.

Christine Mead, the third of the three outside director, is a board member of Genworth Financial and the former chief financial officer at both Safeco Corporation and Travelers Insurance Group. Bryan Osmar is currently managing director and head of market infrastructure at Royal Bank of Canada (RBC) Capital Markets.