CLS Group has announced the appointment of Thomas Barkhuff as chief information officer.
He will report to Chief Executive Officer Marc Bayle de Jessé and serve as a member of the executive management committee and is responsible for the oversight of CLS’ technology and information security strategy and operations, including ensuring the continued delivery of stable, resilient and effective IT services, applications and infrastructure, commensurate with CLS’s role as a systemically important financial market infrastructure.
Barkhuff who CLS say will also play a central role in supporting its efforts to continue delivering market-wide solutions that provide transparency, mitigate risk and enable business growth for the FX market, joins IT and business consulting services firm CGI, where he was chief technology officer of the finance and insurance group. He has previously been CIO at TD Bank, US Bank and senior technology executive at Bank of America.
“Tom’s appointment is of critical importance to CLS,” says Bayle de Jessé. “A robust technology platform has always been at the core of CLS, both for our settlement services and now CLS Net, the first global FX market enterprise application running on blockchain in production. Tom will oversee the continued implementation of CLS’s multi-year program to deliver a single platform supporting CLS Settlement, CLS Now and CLS ClearedFX as well as the further development of CLS Net.”
Barkhuff adds, “As the FX market continues to undergo structural and regulatory change, technology plays a crucial role in the evolution of market infrastructures. CLS has successfully adopted existing and new technologies to bring innovative solutions to the FX industry in settlement, processing and data. In partnership with the Technology division, I look forward to further developing our infrastructure to support our clients and the market.”