CLS has appointed Marc Bayle de Jessé as its new CEO, effective 2 December.
Bayle de Jessé joins CLS from the European Central Bank (ECB), where he is currently director general of market infrastructure and payments and chairperson of the market infrastructure board.
In his current role, Bayle de Jessé is responsible for defining and steering the implementation of policies in market infrastructure and payments, overseeing the development of the next generation of services to address the challenges which digitalisation, cyber threat and globalisation pose to the market infrastructure and payments sector.
Bayle de Jessé joined the ECB in 1997 and has held a number of senior positions.
As chairman of the European system of central banks market infrastructure and payments committee, and as a member of the BIS Committee for payments and market infrastructure, he has contributed to the development of regulations and international standards for financial market infrastructures.
Prior to the ECB, Bayle de Jessé was senior advisor in the general secretariat at Sicovam SA, the French central securities depository, now part of the Euroclear Group.
Commenting on Bayle de Jessé's appointment, Kenneth Harvey, interim CEO and chairman at CLS, said: "Having spent 22 years at the ECB, Bayle de Jessé has played a central role in revolutionising Europe's settlement infrastructure.”
He added: “His extensive experience with central banks and market participants will help ensure we continue to respond to the needs of the industry, enhancing and developing our risk mitigation solutions."
Commenting on his new role, Bayle de Jessé said, "As a leading global market infrastructure provider, CLS plays a crucial systemic risk-mitigation role in the foreign exchange industry.”
He added: “I am looking forward to ensuring the organisation continues to deliver the highest level of service to its clients and shareholders, as well as further expanding its capabilities as a trusted market solutions provider.”
