CLS Gets New Chair, Directors

Following its annual general meeting earlier this month, FX infrastructure provider CLS has unveiled a new chair and five new directors to its board, bring its strength to 21.

Gottfried Leibbrandt has been named as the new chair, succeeding Ken Harvey, who has retired are 10 years as a CLS board member, eight of which he spent as chair. Leibbrandt has been a member of the board since 2021 and was most recently CEO of Swift, a role he held from 2012 to 2019. Prior to this, he held several roles within Swift, including head of marketing, head of standards and director of strategy and business development.

Before joining Swift, Leibbrandt was a partner at McKinsey & Company where he focused on financial institutions, with a specific focus on payments and transactions.

The new directors on the board are Brian Gallagher from JPMorgan, Federica Mazzucato from UBS, Hari Moorthy from Goldman Sachs, Paolo Muzzarelli from Credit Suisse, and Oliver Stuart from Morgan Stanley.

“These latest appointments to our board bring together unrivalled industry expertise and extensive market infrastructure knowledge,” says Marc Bayle de Jessé, CEO of CLS. “We are fortunate to have them on board to guide our decisions and help position the organisation well for its next phase of growth.”

Leibbrandt adds, “Now is a pivotal time for the FX industry and CLS’s role is more important than ever. I look forward to working with my fellow Board members and the executive team as we – as a systemically important financial market infrastructure – enhance our offering to provide additional value for our clients and the broader market.”