Financial market infrastructure firm CLS has appointed a new chair and five current members to its board of directors.
Gottfried Leibbrandt has been appointed as CLS’s chair, and succeeds Ken Harvey, who retired after ten years as a member of the board, eight of which as chair.
Leibbrandt has been a member of the board since 2021. He was most recently CEO of SWIFT, a role he held from 2012 to 2019.
Prior to that, he was head of marketing, head of standards and director of strategy and business development, also at SWIFT.
Before joining SWIFT, Leibbrandt was a partner at McKinsey & Company where he focused on financial institutions, with a specific focus on payments and transactions.
The new directors on the board are Brian Gallagher (JPMorgan Chase), Federica Mazzucato, (UBS Investment Bank), Hari Moorthy (Goldman Sachs), Paolo Muzzarelli (Credit Suisse) and Oliver Stuart (Morgan Stanley).
The CLS Board now comprises 21 directors in total, eight of whom are designated as outside or independent directors.
Marc Bayle de Jessé, CEO of CLS, comments: “These latest appointments to our board bring together unrivalled industry expertise and extensive market infrastructure knowledge. We are fortunate to have them on board to guide our decisions and help position the organisation well for its next phase of growth.”
Commenting on his appointment, Leibbrandt adds: “Now is a pivotal time for the foreign exchange industry and CLS’s role is more important than ever. I look forward to working with my fellow board members and the executive team as we enhance our offering to provide additional value for our clients and the broader market.”
