Sankar joins CLS from Citigroup where he was latterly Managing Director, responsible for aligning technology priorities and strategy for the institutional business in Latin America. During his 13 years at Citigroup, Sankar occupied a number of senior roles including Head of Equities Technology in Tokyo, Global Head of Equities Programme Trading Technology and Risk and Global Head of Payments and Wholesale Cards Technology in New York.

Before joining Citigroup, Sankar was an Executive Director at Swiss Bank Corporation responsible for FX Settlements and Payments Technology. He began his career in technology consulting at Burroughs Corp in Belgium and then American Express in Mexico.

Alan Bozian, CEO of CLS, commented, "We look forward to Sankar joining the management team as Chief Technology Officer, a new role which will be integral to the future of CLS. Sankar's experience of developing and executing technology strategies in the financial services industry, coupled with his international experience, will complement our existing expertise and help CLS evolve with the changing FX market."

Commenting on his appointment, Sankar said "I am delighted to be joining CLS, a company that is a cornerstone of the FX industry and which holds an outstanding reputation. I look forward to helping CLS to develop its services to meet the future needs of the rapidly evolving FX market."