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New CLS Board Elected

CLS Group has elected five new directors to its board.

The addition of Gerard Gil, David Hudson, Karen Keenan, Maggie Parent and Kam Keung (KK) Tse to the board takes the total members to 24, five of whom are independent, ‘outside’ directors.

Gil is a senior advisor to BNP Paribas’ general management and supervised the bank’s accounting department for the 10 years to 2009. After this he served as BNPP’s deputy CFO from 2009 to 2012.

Hudson is a managing director and global chief operating officer for rates, FX and public finance at JP Morgan Chase, prior to taking on this role he has held positions including global fixed income exotics and hybrids, retail structured products and the global currency and commodities group.

Keenan is executive vice president, head of global markets for Europe, the Middle East and Africa at State Street. She joined the bank in 2007 as part of the acquisition of Investors Financial, where she served as chief financial officer at Investors Bank & Trust.

Parent is managing director and chief operating officer for operations, technology and data for Morgan Stanley. She joined the bank it in 1993 and has held various technology and operations management roles since.

Tse is the former head of State Street’s investment servicing business in Asia Pacific and has been elected as an outside director. He is a member of the Financial Infrastructure Sub Committee of the Exchange Fund Advisory Board as appointed by the Financial Secretary of the Hong Kong SAR government.

CLS chairman, Gerard Hartsink, says of the new members, “CLS is fortunate to have five outstanding financial industry professionals join its Board. With his extensive accounting background, Gérard will help ensure effective oversight and guidance of the Board. David’s track record as a senior manager in the global FX business should prove useful as CLS strives to maintain its vital role in an evolving FX market.

“Karen’s financial and operational experience will support the Board’s planning, budgets and forecasts efforts. Maggie’s technical and operational expertise will help CLS as it seeks to enhance its infrastructure to comply with more demanding regulatory requirements. Finally, CLS’ goal to expand its Asian operations will be supported by KK who brings three decades of financial industry experience in that region.”

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