Thomson Reuters Benchmark Services Limited (TRBSL) has strengthened its board with the addition of David Clark as its newest independent non-executive director, who steps into his role with immediate effect, Finance Magnates has learned.
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TRBSL is an entity of Thomson Reuters (NYSE:TRI), responsible for ensuring that its global benchmarks are compliant with the existing plethora of UK regulations, along with other international obligations stipulated under the IOSCO principles for benchmarks.
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In this capacity, Mr. Clark will be stepping into an integral role on TRBSL’s board. He will also join the group’s Oversight Committees of two benchmarks, i.e. the LMBA Silver Price and the WM/Reuters foreign currency benchmarks.
Prior to joining TRBSL, Mr. Clark has had a lengthy career at other banking groups, including senior level roles at Bankers Trust, Commerzbank, HSBC, and Bankgesellschaft, among others. Since leaving the banking space he has held advisory positions and directorships.
In addition to his new role, Mr. Clark is presently an acting member of the Bank of England’s (BoE) Foreign Exchange (FX) Joint Standing Committee, as well as a member of the Bank’s SONIA Advisory Committee and the Libor and IceSwap Benchmark Oversight Committees administered by ICE.