CLS appoints ex-HSBC senior exec Ken Harvey As Chairman

Ken Harvey succeeds Gerard Hartsink, who served as CLS Chairman for seven years.

Institutional FX settlement risk company CLS has today announced the appointment of Ken Harvey to the position of Chairman of the Board of Directors.

Mr. Harvey, who has held independent membership of the CLS Board of Directors since 2012, supersedes industry veteran Gerard Hartsink who intends to retire following twelve years on the company’s Board of Directors, and seven years as Chairman.

Representing the most recent senior executive position in Mr. Harvey’s 30 year career within one of the world’s large financial institutions, this particular appointment follows his most recent role as Group Chief Information Officer at HSBC, a progression from the earlier part of his tenure at HSBC as Chief Technology and Services Officer.

Mr. Harvey had originally joined HSBC in 1984, his tenure within the company spanning across North America and the United Kingdom.

Aside from his new position as Chairman of the Board of Directors at CLS, Mr. Harvey sits on the Senior Advisory Board at Oliver Wyman, a major management consultancy firm and is an Independent Director at Amber Road, a leading provider of on-demand global trade management software and solutions.

“CLS plays a pivotal role, providing stability in the largest and most liquid market, foreign exchange,” said Ken Harvey. “I look forward to working with my fellow Board members and the executive team as we take the organization and our offering forward to new markets and regions, to the benefit of the global financial eco-system.”

Outgoing chairman, Gerard Hartsink added: “Ken is ideally suited for this role; he has proved a vital addition to the Board during his tenure and will bring continuity to leadership at CLS. I look forward to working closely with him to ensure a smooth transition and would like to thank my fellow Board members for their support and hard work during my tenure.”

“We are very pleased to have Ken take the role of Chairman,” said David Puth, CEO of CLS. “His strengths, both as a recognized leader in business technology and as a former senior executive in the banking industry, position him very well to lead the Board. Additionally, his extensive international experience in Asia, Europe and the Americas will help take CLS forward into our next phase of growth.

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