CLS has named Deborah Hrvatin as chief risk officer – she will also join the CLS executive management committee.
Hrvatin joins from Citi where she was global head of operational risk management for the bank’s Institutional Clients Group and CLS says as a specialist in risk management and strengthening controls, she is responsible for its risk management framework.
Hrvatin joined Citi in 2017 after a 22-year career with Deutsche Bank where her roles included head of operational risk for the Americas and COO of the Global Securitisation Group. Prior to Deutsche Hrvatin was a commissioned bank examiner with the Federal Reserve Bank of New York.
“Deborah is a strong addition to our team,” says Gilbert Lichter, interim CEO of CLS. “In her new role, she will be able to draw on her extensive experience in risk management from some of the world’s largest sell-side institutions to further the CLS agenda.”
Hrvatin adds, “CLS plays a crucial risk mitigation role in the FX industry and I am looking forward to further embedding a culture of risk identification, challenge and mitigation at one of the world’s leading global infrastructures.”