Former BoE and Euroclear executive joins CLS Board

FX exchange settlement system and market infrastructure group CLS has added three new members to its Board of Directors.

The CLS Board now comprises 20 directors in total, eight of whom are designated as Outside or Independent Directors.

Karen Keenan has been appointed as an Independent Director. She has over 30 years of experience and recently retired as the Chief Administrative Officer of State Street Corporation. In this role, she led key cross-enterprise initiatives including oversight of its end-to-end technology and operational resiliency program and business line risk management.

John Trundle also joins as an Independent Director. He is the former Chief Executive Officer and Chair of the Management Committee for Euroclear UK & Ireland. He also held several positions at the Bank of England, most recently as the Head of the Business Continuity and Financial Market Infrastructure Divisions.

Naoto Nakamura is Managing Director, Global Head of FX & 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.

“We are very pleased to welcome Karen, John and Nakamura to our Board. These board appointments will contribute crucial guidance to ensure we remain at the forefront of a dynamic market environment. Their collective knowledge, experience and leadership in financial services will be invaluable to CLS, and I look forward to working with them,” said Ken Harvey, Chairman of the Board at CLS.