25 September 2016
Find out more

CLS hires Zschach as chief information officer

31 July 2014  |  3892 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)

Finextra news in your inbox

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

Related stories

CLS wins legal battle in settlement 'patent' dispute

CLS wins legal battle in settlement 'patent' dispute

19 June 2014  |  5032 views  |  0 comments | 2 tweets | 1 linkedin
CLS raises £160 million to meet new capital demands

CLS raises £160 million to meet new capital demands

02 December 2013  |  2529 views  |  0 comments | 2 tweets | 1 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit contisgroup.comFind out moreVisit www.abe-eba.eu

Top topics

Most viewed Most shared
Co-habitation with banks key to fintech futureCo-habitation with banks key to fintech fu...
13252 views comments | 34 tweets | 34 linkedin
hands typing furiouslyGoogle's Larry Page buys a 'major global b...
12729 views 0 | 31 tweets | 25 linkedin
RBS tests demonstrate ability of Ethereum to support a national domestic payments systemRBS tests demonstrate ability of Ethereum...
10132 views comments | 41 tweets | 27 linkedin
Banks test blockchain for reference data managementBanks test blockchain for reference data m...
8093 views comments | 16 tweets | 24 linkedin
Deutsche Bank teams up with accelerator to back fintech startupsDeutsche Bank teams up with accelerator to...
6991 views comments | 12 tweets | 5 linkedin

Featured job

Find your next job