CLS appoints four new board members

With the addition of these four directors, the size of the Board increased to 23 directors. Three of the new members are outside directors who are not affiliated with any of the Settlement Members that use the CLS settlement service.

Sir John Gieve (outside director) is currently the Chairman of Vocalink and a former Deputy Governor of the Bank of England. Kenneth Harvey (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 Chief Technology and Services Officer, at HSBC Holdings. Christine Mead (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.

Commenting on these appointments, Gerard Hartsink, Chairman of CLS said, "This is a crucial time for CLS with renewed focus throughout the industry on systemic risk and greater transparency. We are delighted to have four new board members with such world-class experience and expertise from both the public and private sectors. I have no doubt that each of them will make an important contribution to the growth and transformation of CLS."