CLS Group, a multi-currency cash settlement system for the global Forex market, has selected Tom Zschach as its newest Chief Information Officer, who is slated to join the group September 1st in London.
As one of the world’s largest comprehensive networks for Forex, CLS Group has established itself as one of the premier nexus’ for Forex settlement transactions and risk. In his new role, Mr. Zschach will be based out of London where he will help manage the group’s technology functions and continue to foster its technological vision in the Forex industry – furthermore, Mr. Zschach will be added to the Executive Management Committee.
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Mr. Zschach joins CLS Group from LCH.Clearnet where he served as CIO since 2011. Prior to this role, he also worked as Managing Director at Bank of America Merrill Lynch, preceded by Barclays Capital. Mr. Zschach has also held senior management positions at Credit Suisse and Lehman Brothers.
According to David Puth, Chief Executive Officer at CLS, in a recent statement on the appointment, “I am extremely pleased to have Tom join the CLS team. His extensive experience leading both investment banking and clearing house technology businesses will serve CLS very well in the years ahead.”