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CLS Appoints Marquard

CLS Group has
appointed Alan Marquard to lead its new Corporate Strategy and Development

Marquard is based in
London and reports to David Puth, chief executive officer of CLS.

CLS says the division
was created to align its product and relationship management teams more closely
with its strategy of growing its global presence and expanding its product
portfolio, while continuing to deliver the core settlement service seamlessly.

As chief strategy and
development officer, Marquard will oversee all aspects of corporate strategy
and planning, product development and management, relationship management and
CLS’s activities across Asia.

He retains his role as
general counsel and representative for all legal matters to CLS’s executive
management committee and the CLS Group board.

“The Corporate
Strategy and Development division will allow CLS to use its resources more
effectively,” says Puth. “We have a number of new risk mitigation initiatives
underway to enhance the safety and security of the global FX market. This
development ensures we are better positioned to achieve our key strategic
goals, engage with the market about new product initiatives and expand
participation in CLS.

“Alan’s legal and
business background, combined with his in-depth understanding of the FX market,
makes him an excellent candidate to lead this new division. He has played an
integral role in defining CLS’s strategy, and I look forward to working more
closely with Alan and his team as CLS embarks on this new stage of growth.”  Twitter @lamboPnL

Colin Lambert

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