CLS Announces Three New Board Members

CLS has named three new members to its board of directors at the CLS Annual General Meeting (AGM) on 11 May 2020. The three are Karen Keenan and John Trundle, who have both been appointed as independent directors, and Naoto Nakamura from MUFG.

Keenan is a C-suite executive with over 30 years of experience who recently retired as the chief administrative officer of State Street Corporation, where she led key cross-enterprise initiatives including oversight of its end-to-end technology and operational resiliency program and business line risk management.

Trundle, meanwhile, is the former CEO, member of the board of directors and chair of the management committee for Euroclear UK & Ireland. Prior to this he was the chief risk officer and a managing director for Euroclear SA/NV. He also held several positions at the Bank of England, most recently as the head of the business continuity and financial market infrastructure divisions.

Nakamura is currently managing director, global head of FX & local markets trading, and co-head of global markets sales and trading division at MUFG, where he is responsible for the FX business globally. He is also chair of the Tokyo FX Market Committee and Forex Club, Japan. Nakamura’s career in global markets has spanned across Tokyo, London and New York where he has held key roles in FX business and treasury including investment, liquidity and funding.

The CLS board now comprises 20 directors in total, eight of whom are designated as outside or independent directors.

“We are very pleased to welcome Karen, John and Nakamura san to our board,” says Ken Harvey, chairman of the board at CLS. “These board appointments will contribute crucial guidance to ensure we remain at the forefront of a dynamic market environment. Their unique perspectives will be helpful in understanding the challenges facing market participants today and how we – as a systemically important financial market infrastructure – can provide additional value for our clients and the broader market. Their collective knowledge, experience and leadership in financial services will be invaluable to CLS, and I look forward to working with them.”

Colin Lambert

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