Four new directors elected to CLS board

5 June 2018

CLS, a market infrastructure group delivering settlement, processing and data solutions, announced that four new directors were elected to its Board of Directors at the CLS Annual General Meeting (AGM) on 8 May 2018.

The new additions to the Board include:

Vincent Bonamy: Mr. Bonamy is currently Managing Director, Head of Global Intermediary Services GFX – HSBC Global Markets based in London.  He is responsible for the creation and development of GFX Services in the foreign exchange (FX) market. Mr. Bonamy was at Société Générale for several years, notably as Head of FIC US Business and then in the UK for a similar role within Markets.

Gerard Brady: Mr. Brady is the Global Chief Information Security Officer for Morgan Stanley. He serves on several committees including the Fraud Risk Operating Committee (FROC) and the Cybersecurity and Information Security Governance Committee (CIGC). Mr. Brady joined Morgan Stanley in 2005, serving as Global Head of IT Security prior to assuming his current role in 2012.  

Michael Lawrence: Mr. Lawrence is currently Managing Director, Global CAO, Foreign Exchange & Local Markets at Citi Global Markets, based in London. He is responsible for the leadership of the Global FXLM Business Management function throughout developed and emerging markets. Mr. Lawrence has held other positions at Citi within ICG Operations Management and had responsibility for various groups within markets operations.

Robert Stolte: Mr. Stolte is currently the head of technology for a number of businesses and functions at J.P. Morgan’s Commercial and Investment Bank including equities, prime, global clearing, markets risk and PnL reporting. Mr. Stolte previously ran a cross-business team responsible for driving the adoption of an internally developed trading risk management platform, Athena, across rates, credit, FX, commodities and a number of other businesses and firm-wide functions.

The CLS Board now comprises 23 directors in total, four of whom are designated as Outside or Independent Directors.

Ken Harvey, Chairman of the Board at CLS, said: “We are very pleased to welcome Vincent, Jerry, Mike and Bob to the Board. They will bring critical insight to key areas of our business, such as technology, cybersecurity, risk and operations. Their unique perspectives will be helpful in understanding the challenges facing market participants today. We look forward to working with them.”

CLS CEO David Puth added: “Their collective insight and experience, drawn from across the global financial industry, will be invaluable in supporting the delivery of our growth strategy. We are fortunate to have them on board to guide our decisions as we continue to grow and diversify our product portfolio, creating standardized solutions to empower the success of our clients.”

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