28 April 2015

CLS hires Zschach as chief information officer

31 July 2014  |  3128 views  |  0 Tom Zchach, CLS CIO

FX risk reduction utility CLS has hired Tom Zschach as its new chief information officer, taking over the reins from former incumbent Sankar Aiyar, who unexpectedly quit the unit in March, midway through a major IT upgrade.

Zschach joins CLS from LCH.Clearnet, where he was CIO for three years and led the technology function through a major business transformation programme. He has also held various senior technology roles at Bank of America Merrill Lynch, Barclays Capital and Credit Suisse First Boston.

Zschach will pick up where he left off at LCH.Clearnet as CLS continues to work on a major infrastructure programme that is set to run until 2016.

David Puth, chief executive officer at CLS, says: "I am extremely pleased to have Tom join the CLS team. His extensive experience leading both investment banking and clearing house technology businesses will serve CLS very well in the years ahead."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

19 June, 2014
02 December, 2013

Related company news

 
Your browser is unable to support Flash files.

Who is commenting?

Top topics

Most viewed Most shared
Banks on the brink as customer experience...
9410 views comments | 50 tweets | 43 linkedin
Future Money roundup: Big banks have their...
5039 views comments | 17 tweets | 9 linkedin
Digital challengers face tough times as co...
4168 views comments | 31 tweets | 21 linkedin
Wells Fargo picks startup accelerator part...
4050 views comments | 5 tweets | 5 linkedin
Wincor Nixdorf to axe staff, spin off cash...
3663 views comments | 5 tweets | 3 linkedin

Featured job

up to £100K base, commission, benefits
London, UK

Find your next job