CLS Names Two Board Directors
Posted by Colin Lambert. Last updated: May 22, 2021
Gottfried Leibbrandt and Shuta Okawara have been appointed to the board of CLS.
Leibbrandt is the former 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. Prior this, Leibbrandt was a partner with McKinsey & Company, focusing on financial institutions, specifically payments and transactions.
Okawara is currently managing director and head of the transactions services division of MUFG Bank. His career has revolved extensively around custody and clearing and been involved in most of the settlement systems reform initiatives that have led to mitigating settlement risks and standardising securities and currencies settlement processes as they are known today, CLS says.
Both directors will be joining the Technology and Operations Committee, while Liebbrandt will also be joining the Product Development Committee. The CLS Board now comprises 21 directors in total, nine of whom are designated as outside or independent directors.