CLS, a financial market infrastructure delivering settlement, processing and data solutions, has just announced that European Central Bank (ECB) Director General Marc Bayle de Jessé has joined CLS as its new CEO.
Prior to CLS, he was responsible for defining and steering the implementation of policies in market infrastructure and payments at the ECB – a key part of which was to oversee development of services to address the challenges of digitalization, cyber threat and globalization to the market infrastructure and payments sector.
He will now be based in New York. 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, Marc Bayle de Jessé contributed significantly to the development of regulations and international standards for financial market infrastructures.
Prior to the ECB, Marc Bayle de Jessé 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.