CLS has been very muted on the executive personnel front over the past few months, with their last appointment being the recruitment of Tom Zschach as chief information officer. In his new role as CLS’ outside director, Mr. Lichter will be based out of Paris where he currently serves as the CEO of EBA Clearing.
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According to Kenneth Harvey, chairman of the CLS Board of Directors in a recent statement on the appointment, “We are very pleased to welcome Mr. Lichter to our Board.” He continued, “His expertise in the European payments and clearing industries will be an important asset to CLS as we evolve in response to the changing needs of our shareholders.”
“We are very fortunate to have Mr. Lichter on the board. His extensive sector experience will be extremely valuable as we continue to foster relationships with third parties, including clearing houses, in order to further mitigate settlement risk across the FX market,” added CLS CEO David Puth in an accompanying statement.