Ken Harvey to succeed Gerard Hartsink as Chairman of CLS

Stocks and Financial Services Press Releases Tuesday March 4, 2014 09:04
London--4 Mar--Asian Banker

London, March 3rd 2014 - The CLS Board of Directors is pleased to announce the appointment of Ken Harvey as Chairman of the Board of Directors of CLS Group Holdings AG and CLS Bank International. He will succeed Gerard Hartsink who will retire as Chairman and Member of the Board in October 2014, after seven years as Chairman and twelve years on the Board of Directors.

Mr Harvey, an independent member of the CLS Board of Directors since 2012, brings over 30 years of global finance experience to the role, most recently as Group Chief Technology and Services Officer and Group Chief Information Officer at HSBC. He also sits on the Senior Advisory Board at Oliver Wyman, a major management consultancy firm and is an Independent Director at Amber Road, a leading provider of on-demand global trade management software and solutions.

“CLS plays a pivotal role, providing stability in the largest and most liquid market, foreign exchange,” said Ken Harvey. “I look forward to working with my fellow Board members and the executive team as we take the organization and our offering forward to new markets and regions, to the benefit of the global financial eco-system.”

Outgoing chairman, Gerard Hartsink added: “Ken is ideally suited for this role; he has proved a vital addition to the Board during his tenure and will bring continuity to leadership at CLS. I look forward to working closely with him to ensure a smooth transition and would like to thank my fellow Board members for their support and hard work during my tenure.”

"We are very pleased to have Ken take the role of Chairman," said David Puth, CEO of CLS. “His strengths, both as a recognized leader in business technology and as a former senior executive in the banking industry, position him very well to lead the Board. Additionally, his extensive international experience in Asia, Europe and the Americas will help take CLS forward into our next phase of growth."

The Board of Directors and the Executive Management Committee are extremely grateful to Gerard for his exceptional contribution to CLS throughout a pivotal period of the organization's development andwish him every success in his future endeavors.

--www.theasianbanker.com (March 4 2014)--

Latest Press Release

mai welcomes petroleum transport provider VL on May 21

Market for Alternative Investment (mai) will list V.L. Enterprise pcl, a marine transportation service provider for petroleum and chemical products, on May 21, under the ticker symbol "VL". The company has a market capitalization at its initial public...

ThomasLloyd Launches First Open-ended Public Infrastructure Fund and Signs Global Fund Distribution Agreement With Allfunds

The global investment and advisory firm ThomasLloyd announced that it is cooperating with Allfunds, one of the world's leading distributors of investment funds. Following the signing of a global framework agreement relating to ThomasLloyd´s fund...

Ichitan Group unveils high Q1 net profit with 247.1% YoY growth, aiming for continuous growth in Q2 through regional exports

Ichitan Group Public Company Limited (SET:ICHI) today announces a strong net profit growth of 247.1% YoY in the first quarter worth 114.2 million baht, accounting for net profit margin of 8.7%. Such profit is derived from management efficiency and a...

KBank opens the exhibition booth at Money Expo Bangkok To offer special promotions under KBank Always With You concept

KBank will make its presence felt at Money Expo Bangkok from May 16-19, 2019 by offering special promotions, discounts, bonuses, giveaways and privileges for homebuyers looking for mortgage loans, together with the best interest rates and conditions for...

Fitch Rates EXIM#s USD Senior Notes #BBB+(EXP)#

Fitch Ratings has assigned an expected rating of 'BBB+(EXP)' to Export-Import Bank of Thailand's (EXIM, BBB+/Stable) five-year senior unsecured notes. The notes will be issued under the bank's USD1.5 billion medium-term note (MTN) programme. EXIM plans...

Related Topics