CLS, a market infrastructure group delivering settlement, processing and data solutions, has just announced that it has added Deborah Hrvatin to its team as Chief Risk Officer. Hrvatin will lead the Risk function globally.
Prior to CLS, Hrvatin was Global Head of Operational Risk Management for the Institutional Clients Group at Citigroup. She spent 22 years with Deutsche Bank, where she held several leadership roles including Head of Operational Risk for the Americas region and the Global Corporate Finance division and Chief Operating Officer for the Global Securitization Group.
Commenting on the appointment, Gilbert Lichter, Interim CEO, said:
Deborah is a strong addition to our team. In her new role, she will be able to draw on her extensive experience in risk management from some of the world’s largest sell-side institutions to further the CLS risk agenda.
Deborah Hrvatin, Chief Risk Officer, CLS, added:
CLS plays a crucial risk-mitigation role in the FX industry, and I am looking forward to further embedding a culture of risk identification, challenge and mitigation at one of the world’s leading global infrastructures.