CLS bolsters board of directors
21 May 2020 London
Image: TheethawatBootmata/Shutterstock
CLS, a market infrastructure group delivering settlement, processing and data solutions, has bolstered its board of directors with three new members.
The new board directors include Karen Keenan and John Trundle who are both independent directors, and Naoto Nakamura from MUFG.
Keenan has 30 years of experience and recently retired as the chief administrative officer of State Street, where she led cross-enterprise initiatives including oversight of its end-to-end technology and operational resiliency programme and business line risk management.
Trundle is the former CEO, member of the board of directors and chair of the management committee for Euroclear UK & Ireland.
Prior to this, Trundle was the chief risk officer and a managing director for Euroclear SA/NV. He also held several positions at the Bank of England, most recently as the head of the business continuity and financial market infrastructure divisions.
Meanwhile, Nakamura is currently managing director, global head of foreign exchange (FX) and local markets trading, and co-head of global markets sales and trading division at MUFG, where he is responsible for the FX business globally.
He is also chair of the Tokyo FX market committee and Forex Club, Japan. Nakamura’s career in global markets has spanned across Tokyo, London and New York where he has held roles in FX business and treasury including investment, liquidity and funding.
The CLS Board now comprises 20 directors in total, eight of whom are designated as outside or independent directors.
Ken Harvey, chair of the board at CLS, said: “We are very pleased to welcome Karen Keenan, John Trundle and Naoto Nakamura san to our board. These board appointments will contribute crucial guidance to ensure we remain at the forefront of a dynamic market environment.”
Harvey added: “Their unique perspectives will be helpful in understanding the challenges facing market participants today and how we - as a systemically important financial market infrastructure – can provide additional value for our clients and the broader market. Their collective knowledge, experience and leadership in financial services will be invaluable to CLS, and I look forward to working with them.”
The new board directors include Karen Keenan and John Trundle who are both independent directors, and Naoto Nakamura from MUFG.
Keenan has 30 years of experience and recently retired as the chief administrative officer of State Street, where she led cross-enterprise initiatives including oversight of its end-to-end technology and operational resiliency programme and business line risk management.
Trundle is the former CEO, member of the board of directors and chair of the management committee for Euroclear UK & Ireland.
Prior to this, Trundle was the chief risk officer and a managing director for Euroclear SA/NV. He also held several positions at the Bank of England, most recently as the head of the business continuity and financial market infrastructure divisions.
Meanwhile, Nakamura is currently managing director, global head of foreign exchange (FX) and local markets trading, and co-head of global markets sales and trading division at MUFG, where he is responsible for the FX business globally.
He is also chair of the Tokyo FX market committee and Forex Club, Japan. Nakamura’s career in global markets has spanned across Tokyo, London and New York where he has held roles in FX business and treasury including investment, liquidity and funding.
The CLS Board now comprises 20 directors in total, eight of whom are designated as outside or independent directors.
Ken Harvey, chair of the board at CLS, said: “We are very pleased to welcome Karen Keenan, John Trundle and Naoto Nakamura san to our board. These board appointments will contribute crucial guidance to ensure we remain at the forefront of a dynamic market environment.”
Harvey added: “Their unique perspectives will be helpful in understanding the challenges facing market participants today and how we - as a systemically important financial market infrastructure – can provide additional value for our clients and the broader market. Their collective knowledge, experience and leadership in financial services will be invaluable to CLS, and I look forward to working with them.”
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