CLS GROUP - Key Persons


Adam Levine

Job Titles:
  • Member of the Board of Directors
  • Head of Product Management
Adam joined CLS in 2011, and became Head of Product Management in February 2017. He is based in New York. Adam is responsible for leading the Product team and overseeing CLS's suite of products. He also manages and is a board member of CLS Aggregation Services LLC, a joint venture with NEX Traiana. Adam has worked closely with the executive management team on a number of strategic initiatives, including the capital raise in 2013 and the launch of the FX compression service in partnership with TriOptima in 2015. Prior to joining CLS, Adam was an associate at Clifford Chance, focusing primarily on mergers and acquisitions. Adam has a Bachelors in Finance from Washington University in St. Louis and a juris doctor and Masters in Business Administration from Duke University. Adam is admitted to the New York State Bar.

Akira Hoshino

Job Titles:
  • Member of the Board of Directors
  • Director of the Board of CLS Group Holdings AG
  • Senior Fellow & General Manager at MUFG Bank, Ltd
  • Senior Fellow & General Manager, Global Markets Trading Division - MUFG Bank, Ltd
Akira Hoshino is a Director of the Board of CLS Group Holdings AG and also serves on the Board of CLS Bank International. Mr. Hoshino is currently the Senior Fellow & General Manager at MUFG Bank, Ltd. in the Global Markets Trading Division based in Tokyo. He joined the bank in 1989. Before assuming the General Manager role in 2016, he held the position of Senior Fellow & General Manager, Treasurer in the Global Markets Division for the East Asia Region and several additional roles in Foreign Exchange. Mr. Hoshino graduated in 1989 with a Law Degree from Hitotsubashi University located in Tokyo, Japan. He currently serves as Chairman of the Tokyo Foreign Exchange Committee and has served on the Board of the Treasury Markets Association in Hong Kong and the The GFMA Global FX division.

Alan Marquard, Chief Legal Officer

Job Titles:
  • Chief Legal Officer
  • Member of the Board of Directors
  • Member of the Executive Management Committee
  • Chief Strategy & Development Officer
Alan Marquard joined CLS as Chief Legal Officer in March 2013 and was General Counsel from March 2015 to January 2017. He is based in London. After playing a leading role in formulating CLS's corporate strategy and having executive responsibility for the Compression business, Alan was appointed Chief Strategy and Development Officer in November 2015, with responsibility for corporate strategy and planning, product strategy and management, relationship management and Asia. Alan was appointed Chief Executive Officer of CLS Aggregation Services in December 2015. Before joining CLS, Alan spent three years at Barclays as Managing Director, General Counsel of Absa Capital, the Barclays subsidiary responsible for Barclays' Corporate and Investment Banking in Africa, and Absa Wealth. Prior to Absa Capital, Alan held several senior roles at Dresdner Kleinwort, including ultimately Global Head of the Transaction Legal Team. In addition, Alan previously worked in legal roles at Lehman Brothers International Europe, Clifford Chance, London, and in private practice in South Africa.

Andres Choussy

Job Titles:
  • Member of the Board of Directors
  • Head of Trade and Portfolio Management

Anthony Golsby

Job Titles:
  • Member of the Board of Directors
  • FX Platforms and Business Development at Deutsche Bank

Bruce Nolop

Job Titles:
  • Member of the Board of Directors
Bruce Nolop is an Outside (Independent) Director of the Board of CLS Group Holdings AG and also serves on the Board of CLS Bank International. Until his retirement in 2011, Mr. Nolop served as Executive Vice President and Chief Financial Officer of E*TRADE Financial Corporation. From 2000 to 2008, Mr. Nolop was Executive Vice President and Chief Financial Officer of Pitney Bowes Inc. and from 1993 to 2000, was a Managing Director of Wasserstein Perella & Co. Previously he held positions with Goldman Sachs, Kimberly-Clark and Morgan Stanley. Mr. Nolop is currently a Director of Marsh & McLennan Companies, Inc., TEGNA Inc., and On Deck Capital, Inc. He received a Bachelor of Arts degree in political science from the University of South Dakota and subsequently earned a Masters of Business Administration from the Stanford Graduate School of Business and a Juris Doctor from Stanford Law School.

Bryan Osmar

Job Titles:
  • Member of the Board of Directors
  • Director of the Board of CLS Group Holdings AG
Bryan Osmar is a Director of the Board of CLS Group Holdings AG and also serves on the Board of CLS Bank International. Until his retirement in 2015, Mr. Osmar served as Managing Director and Head Market Infrastructure at Royal Bank of Canada based in Toronto for 30 years and New York for five years. Mr. Osmar was also responsible for implementing RBC Capital Markets regulatory reform initiatives in a range of regulatory areas and jurisdictions notably including the reforms in the Global OTC derivatives space. Mr. Osmar is a former Director of Currency Exchange International Corp and Exchange Bank of Canada. He received a Bachelor of Arts degree in Economics from the University of Western Ontario in 1979 and subsequently earned a Master of Arts degree in Economics from Queens University in 1981.

David Gary

Job Titles:
  • Member of the Board of Directors
  • Director of the Board of CLS Group Holdings AG
  • Global Head of Non - Market Risk for Deutsche Bank 's Foreign Exchange
  • Managing Director - Global Head of Non - Market Risk for FX Business - Deutsche Bank
David Gary is a Director of the Board of CLS Group Holdings AG and also serves on the Board of CLS Bank International. Mr. Gary is currently the Global Head of Non-Market Risk for Deutsche Bank's Foreign Exchange business. He joined the Bank in 2007. Prior to his current role, Mr. Gary has held several senior trading and risk management roles including Head of FX Derivatives Trading for North America at Deutsche Bank and Co-Head of U.S. Fixed Income Derivatives Trading at Bankers Trust. Mr. Gary served as Co-Chair of Deutsche Bank's FX Settlement Governance Forum and played a leading role in addressing the Supervisory Guidance for Managing Risks Associated with the Settlement of Foreign Exchange Transactions published by the Basel Committee on Banking Supervision in February 2013. Mr. Gary graduated from the University of Pennsylvania in 1983 with a BS degree in Economics from the Wharton School with a major in Finance and a BA degree in Economics.

David Hudson

Job Titles:
  • Member of the Board of Directors
  • Director of the Board of CLS Group Holdings AG
  • Managing Director and Chief Financial Officer for Global Markets at JPMorgan Chase
David Hudson is a Director of the Board of CLS Group Holdings AG and also serves on the Board of CLS Bank International. Mr. Hudson is Managing Director and Chief Financial Officer for Global Markets at JPMorgan Chase. He is responsible for business strategy, oversight of finance, technology and business operations, as well as regulatory and industry relationships for the Markets business within JPMorgan Chase's Corporate and Investment Bank. Mr. Hudson has also worked in a variety of Chief Operating Officer roles at JPMorgan Chase, including Global Rates, Public Finance, Fixed Income Exotics and Hybrids, Retail Structured Products and the Global Currency and Commodities Group. Prior to his current role at JPMorgan Chase, Mr. Hudson was Chief Operating Officer of EMEA Equities Sales at Nomura. Earlier in his career, he held positions overseeing the development and implementation of technology solutions and information systems, transition of platforms and new technology products in the foreign exchange, internet and telecommunications industries.

David Puth, CEO

Job Titles:
  • Chief Executive Officer
  • Member of the Board of Directors
  • Member of the Executive Management Committee
David joined CLS as CEO in August 2012 and is a member of the Board of CLS Group Holdings.

David Thomas

Job Titles:
  • Member of the Board of Directors
  • Chief Executive Officer - Royal Bank of Canada Capital Markets Europe
  • Director of the Board of CLS Group Holdings AG
David Thomas is a Director of the Board of CLS Group Holdings AG and also serves on the Board of CLS Bank International. Mr. Thomas is currently the Chief Executive Officer at Royal Bank of Canada ("RBC") Capital Markets Europe responsible for leading all aspects of the business in the region including strategy execution and effective governance. He joined RBC Capital Markets in 1992. Mr. Thomas is a member of the RBC Capital Markets Global Operating Committee and the European Executive Committee and chairs the European Operating Committee. Mr. Thomas also holds a number of UK board roles including Executive Director of RBC Europe Limited and Chairman of RBC Global Asset Management (UK) Limited. Mr. Thomas graduated in 1988 with a BSc (Hons) degree from Loughborough University in the UK. He is currently a member of the Corporate Partnerships Board for Great Ormond Street Hospital.

Dino Kos

Job Titles:
  • Chief Regulatory Officer
  • Member of the Executive Management Committee
Dino Kos joined CLS in 2013 and is Head of Regulatory Affairs, based in New York. He is responsible for monitoring the potential impact on CLS of any external developments from governmental bodies and industry groups. Dino spent over 20 years at the Federal Reserve Bank of New York (FRBNY), rising to the position of Executive Vice President of the Markets Group, with responsibility for open market operations, foreign exchange trading, and correspondent banking services provided by the FRBNY to other central banks. Dino also represented the FRBNY at numerous international meetings, including those of G10 central banks at the Bank for International Settlements (BIS), the Treasury Borrowing Advisory Committee, and the Foreign Exchange Committee. As the FRBNY's Head of Foreign Exchange from 1993 to 2000, Dino was responsible for the planning and execution of foreign exchange policies, leading coordination between officials at the US Treasury, and many of the world's central banks and foreign finance ministries. Most recently, Dino co-founded Hamiltonian Associates, a specialized macro advisory research firm. Prior to this he was a Managing Director at Portales Partners, where his role included analysis of global macro trends for institutional clients.

Dominique Le Masson

Job Titles:
  • Member of the Board of Directors
  • Director of the Board of CLS Group Holdings AG
  • Senior Coordinator for European Market Infrastructures at BNP Paribas Group
Dominique Le Masson is a Director of the Board of CLS Group Holdings AG and also serves on the Board of CLS Bank International. Ms. Le Masson is currently the Senior Coordinator for European Market Infrastructures at BNP Paribas Group based in Paris. Ms. Le Masson is a member of a major infrastructure advisory group at National Central Bank and European Central Bank level in addition to major CCPs where she represents the BNP Paribas Group as a whole. She is also strongly involved in clearing evolution, especially for fixed income, repurchase agreements, over-the-counter FX and swaps in Europe, Asia Pacific and the US. Before assuming the Senior Coordinator role in March 2017, Ms. Le Masson held several other roles including Head of Central Treasury at ALM Treasury and was a member of the Comex of BNP Paribas Group ALMT. Ms. Le Masson has spent most of her career with the Bank and since 1983 has held various roles related to financial markets, including as an FX Swap Trader, before joining the ALM Treasury as a USD treasurer and then becoming Deputy Head of Central Treasury. Ms. Le Masson graduated in 1981 from Ecole Supérieure de Commerce de Paris(ESCP).

Edward Wen

Job Titles:
  • Member of the Board of Directors
  • Global Head of FX and Rates E - Commerce at JP Morgan / Global Head of FX and Rates E - Commerce at JP Morgan

Ericka Leslie

Job Titles:
  • Member of the Board of Directors
  • Director of the Board of CLS Group Holdings AG
  • Global Head of Regulatory Operations, Derivatives and Clearing Operations - Goldman Sachs
Ericka Leslie is a Director of the Board of CLS Group Holdings AG and also serves on the Board of CLS Bank International. Ms. Leslie, located in New York, joined Goldman Sachs in 1996, during which time she has held several roles in Finance, Risk Management and Operations. Ms. Leslie was named Global Head of Derivative Operations in 2010. She is responsible for implementing operational strategy and maintaining regulatory compliance across Goldman's securities businesses for all asset classes. She is also responsible for implementing operational flows for new products and markets. Prior to her current role, Ms. Leslie was lead architect of the risk management framework deployed in Goldman's Operations Division. Before joining Operations, Ms. Leslie had responsibility for the technology supporting Goldman's FX trading, sales and e-dealing activities. Ms. Leslie received her undergraduate degree in Accounting, in 1993 from the State University of New York - Albany, and is also a New York State Certified Public Accountant. Previous board service has included DTCC Deriv/Serv, providing infrastructure solutions to the global derivatives market, on which Ms. Leslie served as a member of the DTCC Deriv/Serv Audit and Nominations Committees.

Erin McCourt

Job Titles:
  • Member of the Board of Directors
  • Executive Director and Global Head of Cash Management, Cash Settlements and Payment Control / Morgan Stanley

Fabrizio Tallei

Job Titles:
  • Member of the Board of Directors
  • Director of the Board of CLS Group Holdings AG
  • Head of FX and International Money Market - Treasury - Intesa Sanpaolo Spa
  • Head of FX and International Money Market at Intesa Sanpaolo Group Treasury
Fabrizio Tallei is a Director of the Board of CLS Group Holdings AG and also serves on the Board of CLS Bank International. Mr. Tallei is currently Head of FX and International Money Market at Intesa Sanpaolo Group Treasury in Milan, Italy. Mr. Tallei coordinates the activity in assets/liabilities denominated in foreign currencies assuring an effective management of the associated FX, liquidity and interest rate risks. Mr. Tallei advises the CFO on the evolution of the FX market and settlement systems and on the impact of new regulations at the Group level. Prior to assuming this role he covered different positions in the Treasury area, beginning as a trader of Italian Lira interest rate derivatives at Banca Commerciale Italiana. Mr. Tallei graduated in Business Administration from Universita' Bocconi, Milan and completed a banking executive program at INSEAD, Paris. He is a member of Italian Assiom-Forex and former secretary of Euribor-ACI Derivatives Working Group. Mr. Tallei is currently the EBF/ABI delegate to the STEP Market Committee, the initiative managed by the European Money Market Institute promoting the Euro Short Term Paper market.

Gaynor Wood, Chief Legal Officer

Job Titles:
  • General Counsel
  • Member of the Executive Management Committee
Gaynor joined CLS in November 2013 as Head of London Legal and became General Counsel in January 2017, based in London. As General Counsel, Gaynor is responsible for overseeing and leading the Legal division globally, identifying and managing legal issues and providing advice on all aspects of the legal framework and the laws and regulations affecting the CLS Group. Gaynor received her degree in Law from the University of Buckingham and was Called to the Bar of England and Wales in 1994. Following completion of Pupillage in a commercial regulatory practice, she commenced her career at J.P.Morgan. Since then Gaynor has held positions within the legal departments of a number of major investment banks in London, including Deutsche Bank and BNP Paribas. Prior to joining CLS, Gaynor was a Director and Associate General Counsel at Bank of America Merrill Lynch in London, with primary responsibility for legal support of the rates and FX business lines. As well as being a regular speaker at ISDA conferences, Gaynor is a current member of Gray's Inn, the Bar Association for Commerce, Finance & Industry (BACFI) and the Bank of England JSC Legal Sub-Committee. Gaynor has also been closely involved in the development of the FX Global Code.

Gilbert Lichter

Job Titles:
  • Member of the Board of Directors
Gilbert Lichter is an Outside (Independent) Director of the Board of CLS Group Holdings AG and also serves on the Board of CLS Bank International. Mr. Lichter served as the Chief Executive Officer of EBA Clearing, which is the Operator of two SIPS - EURO1, the private-sector owned large-value payments system, and STEP2, the pan-European ACH for SEPA payments until his resignation in April 2015. In addition, Mr. Lichter is the Secretary General of the Euro Banking Association (EBA), an organization which he has been involved with for over twenty years. EBA was founded in order to manage the ECU Clearing System in partnership with the Bank for International Settlements. As it developed, EBA has provided payment systems for the euro and served as a forum for pan-European payments industry issues. Mr. Lichter also served on the Managing Board of CEDEL S.A. from 1989 through 1992. He began his professional career in 1978 with Banque Internationale à Luxembourg. He received a degree in business administration from the University of Saarbrϋcken, Germany.

Gillian Lungley

Job Titles:
  • Member of the Board of Directors
  • Director of the Board of CLS Group Holdings AG
  • Managing Director at Credit Suisse
  • Managing Director, IT Group Operations, Global Head of Trade Validation, Asset Protection, Cash and Liquidity Management, and Clearing Operations IT - Credit Suisse
Gillian Lungley is a Director of the Board of CLS Group Holdings AG and also serves on the Board of CLS Bank International. Ms. Lungley is a Managing Director at Credit Suisse in the Chief Operating Officer Corporate Function, based in London. Ms. Lungley is Global Head of Operations IT, covering Cash and Liquidity Management, Trade Validation and Control, Client Assets and Clearing. She is responsible for the delivery of IT to the Trade Validation, Asset Protection, Cash and Liquidity Management and Clearing Group Operations business. Prior to joining Credit Suisse, Ms. Lungley held several positions in the Global Technology and Operations function at Deutsche Bank. Ms. Lungley received her Bachelor's Degree in Business Studies from Trent Polytechnic and completed her MPhil in Business Studies from Trent Polytechnic/Universitat Gesamthochschule, Paderborn, Germany.

Helen Brookes

Job Titles:
  • Member of the Board of Directors
  • Global CAO for FX Trading and Lead EMEA Business Manager

Jason Vitale

Job Titles:
  • Member of the Board of Directors
  • Director of the Board of CLS Group Holdings AG
  • Global Chief Operating Officer, Foreign Exchange & Head of Client Execution Services - Bank of New York - Mellon
Jason Vitale is a Director of the Board of CLS Group Holdings AG and also serves on the Board of CLS Bank International. Mr. Vitale is currently the Global Chief Operating Officer, Foreign Exchange & Head of Client Execution Services with Bank of New York - Mellon. Prior to joining BNY Mellon, Mr. Vitale was Co-Head of Listed Derivatives & Markets Clearing EMEA for Deutsche Bank. During his 13 years at DB, Mr. Vitale held numerous Fixed Income leadership positions across listed derivatives (futures), Foreign Exchange & Fixed income financing. Prior to his tenure with Deutsche Bank, Mr. Vitale spent two years in New York with International Fund Services, a State Street Company. Mr. Vitale is a founding committee member of the U.S. Commodity Futures Trading Commission (CFTC) Global Markets Advisory Committee for Foreign Exchange Markets (FEM), appointed by CFTC Commissioner Mark Wetjen in 2014. Mr. Vitale completed his undergraduate work in Finance at the University of Arizona, and studied abroad at Cambridge University (UK).

Jennifer Buonopane

Job Titles:
  • Member of the Board of Directors
  • Director of the Board of CLS Group Holdings AG
  • Senior Managing Director and Chief Operating Officer - Global Markets - State Street Corporation
Jennifer Buonopane is a Director of the Board of CLS Group Holdings AG and also serves on the Board of CLS Bank International. Ms. Buonopane, located in Boston, MA, is Senior Managing Director and Chief Operating Officer of State Street Global Markets. Ms. Buonopane is directly accountable for operating performance and leadership of more than 350 employees as well as operations, onboarding, middle office and project management infrastructure for SSGM, world-wide. She joined State Street in 2007 as part of the acquisition of Investors Financial Services. Since joining State Street, she has taken on positions of increasing responsibility within Global Markets, including leadership of its global transformation program. Prior to her tenure with State Street, Ms. Buonopane spent 10 years at Fleet Boston Financial. Ms. Buonopane received her Bachelor of Science Degree in Business Administration from Wagner College, Staten Island, NY.

John Blythe

Job Titles:
  • Global Head
  • Member of the Board of Directors
  • Global Head of Currency Operation at Goldman Sachs
John Blythe is Global Head of Currency Operation at Goldman Sachs.

John Hagon, COO

Job Titles:
  • Chief Operations Officer
  • Member of the Executive Management Committee
John joined CLS in 1998 and is Head of Operations, based in London. He leads the function that oversees, monitors and manages the Settlement and Funding processes. The key objective of the Operations division is to maintain service delivery quality of the CLS core service, while managing risks and ensuring compliance with the regulatory framework. John has worked in the banking industry for 32 years. Between 1984 and 1994, he worked at Bank of Tokyo, Irving Trust Company, Sec Pac Intl Bank and Hessische Landesbank (HELABA), gaining significant experience in payment and settlement operations across multiple products. In 1994 John joined ECHO (Exchange Clearing House) which, alongside Multinet, was tasked wih reducing settlement risk. When ECHO was acquired by CLS, John brought with him the experience he had gained in establishing and operating a foreign exchange settlement service. Having been closely involved in the development of CLS, with particular focus on currency implementation, he helped to establish, manage and ultimately oversee the CLS Operations Department. Following a decision by CLS to begin to expand its product offering, John became Programme Director, Strategic Initiatives, and between 2006 and 2011 oversaw the delivery of several multi-million pound programs that expanded the CLS suite of services. In 2012 he returned to Operations to lead the function and has overseen a number of significant technological enhancements.

Jonathan Williams, COO

Job Titles:
  • Chief Operating Officer
  • Member of the Board of Directors
  • Chief Operating Officer - Global FX at America Merrill Lynch
Jonathan Williams is Chief Operating Officer - Global FX at Bank of America Merrill Lynch.

Kathryn Herrington

Job Titles:
  • Member of the Executive Management Committee
  • Chief Human Resources & Communications Officer
Kathryn joined CLS in September 2011 and is Chief Human Resources & Communications Officer, based in New York. She is also responsible for the company's internal and external communications. Kathryn leads on all aspects of the People agenda, including talent acquisition, leadership and development, compensation & benefits and HR operations & systems. Upon joining CLS, she significantly upgraded every aspect of the HR function, implementing processes and frameworks to mitigate systemic organizational risk. In the past few years, she has led an organizational focus on driving cultural change through the design and delivery of leadership and talent solutions. Kathryn's team is also responsible for the ongoing delivery of an integrated communications strategy, including the external positioning of CLS through a comprehensive brand program, and an internal communications and engagement framework that supports CLS's growth and cultural change activities. Prior to joining CLS, Kathryn headed the HR function for Global Markets in EMEA at HSBC. She joined HSBC from Bank of America where she supported Global Markets and also spent a number of years at Merrill Lynch in both London and New York, leading HR functions for International Wealth Management, and then the Global Bank Group. Kathryn has a degree in Economic and Social History from the University of Bristol and is an active member of the Women's Bond Club in New York.

Kenneth Harvey, Chairman

Job Titles:
  • Chairman of the Board
  • Chairman of the Boards of CLS Group Holdings AG
Kenneth Harvey was elected as Chairman of the Boards of CLS Group Holdings AG and CLS Bank International in October 2014; he has served as an Outside (Independent) Director of CLS Group since December 2011. Kenneth Harvey was elected as Chairman of the Boards of CLS Group Holdings AG and CLS Bank International in October 2014; he has served as an Outside (Independent) Director of CLS Group since December 2011. Prior to joining the Board of CLS Group, Mr. Harvey was Group Managing Director for HSBC Holdings in which capacity he was responsible for all operations and technology, comprising over 100,000 professionals in nine operating companies and five technology companies. HSBC owns and operates one of the largest shared services organizations in the financial services industry. Mr. Harvey was the primary architect of the operation. Mr. Harvey currently serves on the board of Amber Road, a leader in Global Trade Management solutions, which in 2014 successfully transitioned from a private company to a publicly traded corporation. He also serves as vice chairman of the board of InsPro, a market leader in software for the Health, A&H, Life and Annuity segment of the insurance industry, and as a member of the Senior Advisory Board of Oliver Wyman, a leading global consulting firm. Previous board service includes Kanbay Inc. and Vertical Networks. Mr. Harvey holds a Bachelor of Science degree from DePaul University and is a graduate of Northwestern University National Trust School.

Martin Ingell

Job Titles:
  • Chief Internal Auditor
  • Member of the Executive Management Committee
Martin joined CLS in October 2011 and is Chief Internal Auditor, based in London. He is responsible for the Internal Audit function and for overseeing the independent validation of our models. Prior to joining CLS, Martin was Group Head of Operational Risk at Euroclear in Brussels, where he was responsible for developing and implementing the Enterprise Risk Management (ERM) strategy, leading the central Operational Risk function and risk management teams for Euroclear Bank and the national central securities depositories. Previously, Martin was Group Head of Audit - Operations, Technology & Change at Barclays, a global role including Barclays Capital, the group's investment bank, and Barclays Global Investors, its asset management business. Before that, Martin was at PwC, as a Director in Global Risk Management Services. He has previously served as a Board member of the Operational Riskdata eXchange Association (ORX), the risk data consortium owned by the major banks, and an Audit Committee member of EMXCo Limited, the funds messaging platform provider.

Michele Fleming

Job Titles:
  • Chief Compliance Officer
  • Member of the Executive Management Committee
Michele joined CLS in 2003 and is Chief Compliance Officer, based in New York. Her responsibilities include the management and oversight of CLS's Compliance Framework for monitoring compliance with key laws and regulations. She is the appointed U.S. Bank Secrecy Act Compliance Officer at CLS, with responsibility for the management and oversight of anti-money laundering and sanctions compliance programs. She also oversees the regulatory oversight of CLS Bank by the Board of Governors of the Federal Reserve Bank and its supervisory branch, the Federal Reserve Bank of New York. Michele began her career as an attorney at the Parisian law firm of Thieffry and Associates and has held several legal and regulatory positions at Banque Worms Capital Corp. and affiliates, the US subsidiaries of the French Bank, Banque Worms S.A. Michele holds a Baccalaureat in Economic and Social Sciences from College Marie de France, Montreal, and earned a J.D. equivalent in Commercial and International Law and the LLM equivalent in International Business and Taxation from the French Universities of Paris II Assas and Paris V Malakoff, respectively. She is also a graduate of the Centre de Formation Professionelle des Avocats in Paris and a member of the New York State Bar.

Naresh Nagia, Chief Risk Officer

Job Titles:
  • Chief Risk Officer
  • Member of the Executive Management Committee
Naresh Nagia joined CLS in 2011 and is Chief Risk Officer, based in New York.

Paul Riordan

Job Titles:
  • Member of the Board of Directors
  • Director of the Board of CLS Group Holdings AG
  • Executive General Manager, Enterprise Risk & Chief Credit Officer, National Australia Bank Group
  • Executive General Manager, Enterprise Risk and Chief Credit Officer of the National Australia Bank
Paul Riordan is a Director of the Board of CLS Group Holdings AG and also serves on the Board of CLS Bank International. Mr. Riordan is currently the Executive General Manager, Enterprise Risk and Chief Credit Officer of the National Australia Bank. Mr. Riordan leads the Enterprise Risk function, which is responsible for the measurement, management and the monitoring of credit and operational risk profile across the National Australia Bank Group. This covers retail and non-retail credit risk, operational risk and compliance risk across the Group. Prior to his appointment as Executive General Manager at the National Australia Bank in February 2016, Paul had been with Commonwealth Bank of Australia in a variety of senior roles. These roles included Head of Global Trading, EGM Global Markets (FICC), EGM Global Finance Solutions, EGM Business Development & Risk Management and since 2007 Chief Risk Officer, Institutional & Business Banking. In addition, he served as the Country Treasurer for the Bank of America in Australia and the Regional Head of Foreign Exchange and Derivatives, East Asia for UBS. Mr. Riordan received a Bachelor of Economics from the University of Adelaide in Australia and has completed the Advanced Management Programme at Wharton. He is a member of CPA Australia, Finance & Treasury Association, and the Risk Management Association. He was Chairman of the Australian Financial Markets Association between 2001 and 2004.

Peter Healey

Job Titles:
  • Member of the Board of Directors
  • Director of the Board of CLS Group Holdings AG
  • Managing Director and Global COO - FX, Rates and Credit - UBS
Peter Healey is a Director of the Board of CLS Group Holdings AG and also serves on the Board of CLS Bank International. Originally based in London and currently located in Switzerland, Mr. Healey has been with UBS since 1994, during which time he has held several positions of increasing responsibility within the FX, Rates and Credit business. Mr. Healey has held his current position, Chief Operating Officer, FRC since 2007, and in this role, his responsibilities span multiple aspects of business planning, strategy formation and implementation, front-to-back processes across all logistics and control functions, oversight of strategic change (including responding to regulatory changes) and the management of operational risk/audit and other operational issues. Mr. Healey has oversight responsibility for several significant front to back change and remediation programs and is frequently leading and participating in business / operating model discussions, technical design, vendor selection and management, program resourcing and delivery. Mr. Healey also serves as the UBS vendor relationship manager for Thomson Reuters, and in this role, serves as commercial lead on the team negotiating all major contracts between UBS and Thomson Reuters. Mr. Healey has qualifications from the Chartered Institute of Management Accountants and HND in Medical Laboratory Sciences. He is also a former member of the Board of ISDA (2010-2014).

Rachael Hoey

Job Titles:
  • Member of the Executive Management Committee
  • Head of Asia
Rachael joined CLS in 2006 and is Head of Asia, based in Hong Kong. Rachael is responsible for the development and delivery of the Asia strategy and for leading market engagement, with a particular focus on regional development opportunities including China and the renminbi. Rachael has held various positions at CLS, including Board Director of CLS Aggregation Services LLC. Her career has included various international roles in finance, general management, marketing and business development with institutions such as Royal Bank of Canada and Chase Manhattan Bank, and within a number of industries including FX, payments, custody and treasury transactional services. Rachael has held positions on the board of trustees of a corporate pension plan, as a Non-Executive Director with a leading specialist hospital in the UK and served as a member of the CASS Advisory Board for the Centre for Asset Management Research at City University London. Rachael also represented CLS as Council Member of China Finance 40 Forum (CF40), a leading think tank in Beijing from 2015-2016. Rachael is an Australian university business graduate who also qualified as a chartered accountant. She graduated from CASS Business School, City University of London with an MBA.

Rick Sears

Job Titles:
  • Chief Administrative Officer
  • Member of the Board of Directors
  • Chief Administrative Officer, Markets and Business Manager, Macro & Global Distribution - Barclays Capital UK
  • Director of the Board of CLS Group Holdings AG
Rick Sears is a Director of the Board of CLS Group Holdings AG. Mr. Sears is currently the Chief Administrative Officer, Markets and Business Manager, Macro & Global Distribution, at Barclays Capital UK. Prior to Barclays, Mr. Sears was with FXMarketspace Ltd. as President and Chief Sales Officer. Prior to FXMarketspace, he held the position of Managing Director - Foreign Exchange at the Chicago Mercantile Exchange. Mr. Sears completed his undergraduate work in Economics at Wheaton College and received a Masters of International Management from The American Graduate School of International Management. He also completed executive programs at the University of Chicago and Northwestern University.

Ronnie Yam

Job Titles:
  • Member of the Board of Directors
  • Director of the Board of CLS Group Holdings AG
  • Regional Chief Financial Officer at United Overseas Bank Limited
  • Regional Chief Financial Officer, Managing Director - United Overseas Bank ( "UOB" ) Limited
Ronnie Yam is a Director of the Board of CLS Group Holdings AG and also serves on the Board of CLS Bank International. Mr. Yam is currently the Regional Chief Financial Officer at United Overseas Bank Limited based in Singapore. He joined the bank in 2000. Before assuming the Regional Chief Financial Officer role in 2015, he held the positions of Country CFO - UOB China and Country CFO - UOB Malaysia. Mr. Yam is a member of the UOB Group Investment Committee, Data Management Working Committee and the Talent Management Council. Mr. Yam is a fellow of the Association of Chartered Certified Accountants and has attended the Singapore Management University - UOB Executive Leadership Programme and the National University of Singapore - Chicago Booth Emerging CFO for Asia Programme.

Sara Wardell-Smith

Job Titles:
  • Member of the Board of Directors
  • Director of the Board of CLS Group Holdings AG
  • Global Head of Foreign Exchange Division ( Sales and Trading ) & International Treasury - Executive Vice President, Wholesale Banking - Wells Fargo N.a
Sara Wardell-Smith is a Director of the Board of CLS Group Holdings AG and also serves on the Board of CLS Bank International. Ms. Wardell-Smith, located in San Francisco, CA, joined Wells Fargo N.A. in 1995, during which time she has held several roles in the Foreign Exchange Division. Ms. Wardell-Smith was named Global Head of Foreign Exchange Division (Sales & Trading) and International Treasury - Executive Vice President in 2007. She is globally responsible for the Foreign Exchange & International Treasury Sales and Trading Division, successfully navigating the highly-dynamic regulatory environment and adjusting business strategy to ensure continued success and industry out-performance. Prior to her current role, Ms. Wardell-Smith was Global Head of Foreign Exchange Sales, responsible for consumer, corporate and institutional FX sales, and quantitative research/risk management team. Ms. Wardell-Smith received her Bachelor of Science Degree in International Financial Economics from the University of San Francisco, CA. Ms. Wardell-Smith is a Board Member of the Global Foreign Exchange Division, part of the Global Financial Markets Association. Additionally, she is a Working Group Member of the U.S. RMB Working Group, a group that aims to identify, evaluate, and recommend opportunities to develop and expand the trading, clearing, and settlement of the RMB in the U.S.

Simon Manwaring, Managing Director

Job Titles:
  • Head of Technology
  • Managing Director
  • Member of the Board of Directors
  • Managing Director, Head of Technology Based FX Trading at RBS
Simon Manwaring is Managing Director, Head of Technology Based FX Trading at RBS.

Simon Morris

Job Titles:
  • Global Head
  • Member of the Board of Directors
  • Global Head of OTC and FX Settlements "Global Cash Products" at Credit Suisse
Simon Morris is Global Head of OTC and FX Settlements "Global Cash Products" at Credit Suisse.

Sir John W. Gieve

Job Titles:
  • Member of the Board of Directors
  • Chairman of VocaLink
Sir John W. Gieve is an Outside (Independent) Director of the Board of CLS Group Holdings AG and also serves on the Board of CLS Bank International. Sir John Gieve is the Chairman of VocaLink, which is the main provider of payment systems in the UK. He is also Deputy Chairman of the Homerton Hospital Trust and Chair of trustees for Nesta, the innovation hub. Prior to that, he worked as an adviser to GLG, now part of the Man Group, and was an Independent Director on the Board of Morgan Stanley International. He was Deputy Governor of the Bank of England from 2006 until 2009 where he was a member of the Monetary Policy Committee which sets interest rates in the UK and had responsibility for the Bank's Financial Stability work. He was also a member of the Board of the Financial Services Authority, the UK regulator of financial services, and of the Financial Stability Board, which has led on the international response to the financial crisis under the G20. From 2001 to the end of 2005, he was the Permanent Secretary of the Home Office which had lead responsibility for criminal justice, counter terrorism, policing, prisons, and immigration. Prior to this he spent twenty years at the UK Treasury, where he was private secretary to three Chancellors - Lawson, Major, and Lamont - and rose to head the Budget and Finance and Industry directorates.

Tom Zschach, CIO

Job Titles:
  • Chief Information Officer
  • Head of Technology
  • Member of the Executive Management Committee
Tom Zschach is Head of Technology and Operations, based in New York. He joined as Chief Information Officer (CIO) in September 2014 and assumed oversight of Operations in 2016. In leading the Technology division, Tom is responsible for ensuring technological solutions that provide performance and capacity are implemented in order to support strategic business requirements, driven by continually evolving FX trading demands and growth. Tom has extensive experience in delivering technology and business performance improvements in investment banking and market infrastructure businesses. Before joining CLS, he was CIO at LCH.Clearnet where he led the technology function through a major business transformation program and an acquisition by the London Stock Exchange. Prior to this, he served as Managing Director and Global Head of Rate & Currencies Technology at Bank of America Merrill Lynch, supporting the Markets businesses. He has also held various senior technology roles at Barclays Capital and Credit Suisse First Boston, with an emphasis on electronic trading and client facing systems. Tom studied computer science and finance at California State University, Sacramento and holds a MBA from Trium, an alliance between New York University Stern School of Business, the London School of Economics and Political Science and HEC School of Management, Paris.

Trevor Suarez, CFO

Job Titles:
  • Chief Financial Officer
  • Member of the Executive Management Committee
Trevor joined CLS in February 2014, and became Chief Financial Officer in January 2015. He is based in London. Trevor is responsible for all aspects of CLS's financial and vendor management activities including financial reporting and control, tax and the preparation of the Annual Report and Accounts. His key focus is on shaping and leading the implementation of CLS's financial strategy, including cost management and the setting of annual pricing tariffs for the Core service, in addition to managing CLS's capital and balance sheet positions. Trevor holds a degree in Chemistry from the University of Bristol and started his career as a chartered accountant within the Financial Services sector of KPMG London, before moving to the Treasury and Capital Markets division of RBS. He built his finance experience over many years within several leading financial services companies. Prior to joining CLS, he led the planning and forecasting activities of the Lloyds Banking Group for several years, and more latterly was Finance Director of their Wealth Division.

Vidya Bittianda

Job Titles:
  • Member of the Board of Directors
  • Director of the Board of CLS Group Holdings AG
  • Group General Manager, Risk Metrics - ANZ Banking Group Limited
Vidya Bittianda is a Director of the Board of CLS Group Holdings AG and also serves on the Board of CLS Bank International. Ms. Bittianda has recently been appointed as Group General Manager, Risk Metrics for ANZ Banking Group Limited. Ms. Bittianda will be responsible for all wholesale and retail modelling for the Bank including rating models, decision models, stress testing, provisioning, capital and risk appetite. The emphasis of the role is to highlight the importance of how data is used and modelling to manage risk. Prior to this, Ms. Bittianda was the Chief Risk Officer, Europe and EMEA at ANZ Banking Group Limited for four years from 2013 to 2017. As CRO EMEA, Ms. Bittianda was responsible for ensuring the financial and reputational integrity of the ANZ Group of businesses through the effective treatment and mitigation of risk in the areas of credit, market, operational, technology, liquidity, strategic and compliance for the region. Before assuming the role of Chief Risk Officer in 2013, she held the positions of Global Head of Counterparty Credit & Financial Institutions, Global Head of Market Risk and Head of Credit, Financial Institutions & Markets. Ms. Bittianda graduated in 1990 form Bangalore University with a Bachelor of Engineering and holds a Master of Applied Finance from Melbourne University.

William Stenning, Managing Director

Job Titles:
  • Managing Director
  • Member of the Board of Directors
  • Director of the Board of CLS Group Holdings AG
  • Managing Director, Clearing, Regulatory & Strategic Affairs, Investment Bank Directorate - Societe Generale Global Banking and Investor Services
William Stenning is a Director of the Board of CLS Group Holdings AG and also serves on the Board of CLS Bank International. Mr. Stenning is currently Managing Director, Clearing, Regulatory & Strategic Affairs within the Investment Bank Directorate at Societe Generale Global Banking and Investor Services. Mr. Stenning's role includes close collaboration with senior line management across the firm, including the house FX business and the Prime Services franchise, on all regulatory, clearing and market infrastructure related matters. Mr. Stenning began his career in banking as a business manager for FX & Rates at Chase Manhattan, prior to spending nearly a decade working in market infrastructure at both SwapsWire and, subsequently, DTCC. Mr. Stenning graduated in 1991 with a degree in electronic and electrical engineering from the University of Surrey and has been a member of the Institute of Chartered Accountants in England and Wales for over 20 years. He currently serves as the Societe Generale delegate on a number of Industry Association advisory bodies including membership of the ISDA Clearing Risk and Capital Committee, ISDA Market Infrastructure & Technology Oversight Committee and the BBA Wholesale Policy Committee.