CLS announced today that it has appointed Marc Bayle de Jessé as its new CEO, effective 2 December.
Bayle de Jessé joins CLS from the European Central Bank (ECB) where he is currently Director General, Market Infrastructure and Payments and Chairperson of the Market Infrastructure Board.
As Chairman of the European System of Central Banks Market Infrastructure and Payments Committee, and member of the BIS Committee for Payments and Market Infrastructure, he has contributed significantly to the development of regulations and international standards for financial market infrastructures.
Prior to the ECB, Marc was Senior Advisor in the General Secretariat at Sicovam SA, the French central securities depository – now part of the Euroclear Group – which manages the French securities settlement system.
Commenting on Marc’s appointment, Kenneth Harvey, Interim CEO and Chairman, CLS said:
Having spent 22 years at the ECB, Marc has played a central role in revolutionizing Europe’s settlement infrastructure. I believe he is extremely well placed to lead CLS and maintain and grow our unique position at the center of the FX market. His extensive experience with central banks and market participants will help ensure we continue to respond to the needs of the industry, enhancing and developing our risk mitigation solutions.
Marc Bayle de Jessé commented:
As a leading global market infrastructure provider, CLS plays a crucial systemic risk-mitigation role in the FX industry. I am looking forward to ensuring the organization continues to deliver the highest level of service to its clients and shareholders, as well as further expanding its capabilities as a trusted market solutions provider.