CLS Group (CLS), the market infrastructure that enhances financial stability by providing risk mitigation services to the global FX market, today announced that Alan Marquard has been appointed Chief Legal Officer (CLO). He joins the Executive Management Committee and reports to David Puth, Chief Executive Officer of CLS.
Scheduled to begin on March 4, 2013, Mr. Marquard will be based in London. He will be responsible for overseeing all legal functions at CLS.
Before joining CLS, Mr. Marquard spent three years at Barclays as Managing Director, Head of the Legal Division of Absa Capital, a Barclays subsidiary. At Absa Capital, Mr. Marquard was Chairman of the Legal, Compliance and Reputation Risk Committee. He was also General Counsel for Absa Wealth.
Prior to Absa Capital, Mr. Marquard was Global Head of the Transaction Legal Team at Dresdner Kleinwort. In this role he was responsible for providing advisory, execution, business development and transaction-related litigation management for flow businesses, lending, derivatives and structured transactions in all asset classes. During Mr. Marquard’s six years at Dresdner Kleinwort, he also held roles as Co-Head of Legal for Trading, Derivatives and Securities Financing; and Legal Counsel for Trading and Derivatives.
In addition, Mr. Marquard worked at Lehman Brothers International Europe from 1999 to 2003, where he was Senior Legal Counsel for the Equity Derivatives group, and previously at Clifford Chance.
“The increasing complexity of today’s market structure creates a number of unique opportunities for CLS,” said Mr. Puth. “Alan’s impressive track record in working with financial companies places CLS in an even better position to meet the needs of our members and the broader market.”
Mr. Marquard said: “CLS is a highly respected infrastructure that provides a critical service to the foreign exchange industry. I look forward to working with David and the team.”