CLS, a leading provider of risk mitigation and settlement services for foreign exchange (forex) dealers and institutions, announced this Tuesday that it has a new Chief Risk Officer (CRO), with the company appointing Deborah Hrvatin to the role.
As the CRO, Hrvatin joins the company’s executive management committee. In this capacity, she will lead the Risk function globally for CLS. Furthermore, she is responsible for the company’s risk management framework. One of her tasks is to build an enhanced culture of risk identification and mitigation.
Hrvatin’s appointment sees her join CLS. Previously, she was at Citigroup, where she was Global Head of Operational Risk Management for the Institutional Clients Group, a position she held for just under two and a half years.
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Deborah Hrvatin’s career experience
Before she was at Citigroup, Hrvatin spent 22 years with Deutsche Bank. During her tenure with the German lender, she held a number of leadership roles. This includes Head of Operational Risk for the Americas region and the Global Corporate Finance division and Chief Operating Officer for the Global Securitization Group.
Commenting on the appointment, Gilbert Lichter, Interim CEO, said: “Deborah is a strong addition to our team. In her new role, she will be able to draw on her extensive experience in risk management from some of the world’s largest sell-side institutions to further the CLS risk agenda.”
Hrvatin commenced her career in finance in December of 1991 as a Senior Bank Examiner with the Federal Reserve Bank of New York. According to her LinkedIn profile, she worked in the role for slightly more than four years.
“CLS plays a crucial risk-mitigation role in the FX industry, and I am looking forward to further embedding a culture of risk identification, challenge and mitigation at one of the world’s leading global infrastructures,” added Deborah Hrvatin, Chief Risk Officer, CLS.