22 October 2017
Register now

David Clark appointed to board of Thomson Reuters Benchmark Services

02 January 2017  |  4514 views  |  0 Source: Thomson Reuters

David Clark has been appointed as an independent non-executive director to the board of Thomson Reuters Benchmark Services Limited (TRBSL), the body which manages governance and control of the Thomson Reuters family of financial benchmarks.

As a company authorized by the Financial Conduct Authority, TRBSL is responsible for ensuring Thomson Reuters benchmarks are compliant with all UK regulations, and also international requirements such as the IOSCO principles for benchmarks. Mr. Clark is also joining the Oversight Committees of two key benchmarks: the LMBA Silver Price and the WM/Reuters foreign currency benchmarks.

Mr. Clark is a highly accomplished senior executive who has extensive experience in the currency and capital markets. In a career spanning over 40 years Mr. Clark has held positions at Bankers Trust, Commerzbank, HSBC and Bankgesellschaft before moving into non-executive director and advisory positions.

Mr. Clark is currently a member of the Bank of England’s Foreign Exchange Joint Standing Committee, and is a member of the Bank’s SONIA Advisory Committee. He is a member of the Libor and IceSwap (formerly IsdaFix) Benchmark Oversight Committees administered by ICE.

Stephan Flagel, Head of Benchmark and Indices at Thomson Reuters, said: “Mr. Clark is an extremely experienced individual and we are certain that he will add further depth to both the LBMA Silver Price and WM/Reuters Oversight Committees.”

Thomson Reuters operates its benchmarks business under the Trust Principles mandated in its corporate charter since 1941, which guarantee integrity, independence and freedom from bias and its governance and control framework for benchmarks is in line with IOSCO principles. Established as a separate and fully regulated subsidiary in May 2013, Thomson Reuters Benchmark Services Ltd develops and manages governance frameworks for the benchmarks it administers, as well as reporting tools to comply with various regulatory requirements for financial benchmarks.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comvisit www.niceactimize.comRegister now

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
12685 views comments | 17 tweets | 27 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
11939 views comments | 22 tweets | 28 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9454 views comments | 13 tweets | 10 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
8844 views comments | 11 tweets | 22 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8487 views comments | 9 tweets | 18 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job