Swedbank Extends CLS Membership

stockholm
Stockholm-headquartered Swedbank is active in Sweden, Estonia, Latvia and Lithuania among others.

Swedbank's inclusion now brings the number of settlement members to 62. The announcement marks the completion of a process begun in 2011, when the Nordic-Baltic bank became a shareholder in CLS Group, having been a third-party member for several years before.

"I am happy that we have joined CLS as a settlement member" says Tomas Hedberg, global head of FX and fixed income at Swedbank. "Membership is in line with our ambition to further develop our FX abilities and enables us to provide a high level of security which is crucial for a major player in the finance industry."

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Waters Wrap: The tough climb for startups

Anthony speaks with two seasoned technologists to better understand why startups have such a tough time getting banks and asset managers to sign on the dotted line.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here