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CLS shareholders elect nine new board directors

Posted: 18 May 2017 | | No comments yet

Vidya Bittianda, David Gary, Akira Hoshino, Dominique Le Masson, Bryan Osmar (Outside Director), Bill Stenning, Fabrizio Tallei, David Thomas and Ronnie Yam Soon Lee all elected to CLS’ Board of Directors…

CLS shareholders elect nine new board directors

CLS Group has elected nine new directors to its Board of Directors at its Annual General Meeting held on 2 May 2017.

The CLS Board now totals twenty-three directors, five of whom are independent and designated as outside directors.

The nine new directors are Vidya Bittianda, David Gary, Akira Hoshino, Dominique Le Masson, Bryan Osmar (Outside Director), Bill Stenning, Fabrizio Tallei, David Thomas and Ronnie Yam Soon Lee.

“I am delighted to welcome such a strong slate of directors to the CLS Board,” said Chairman Ken Harvey. “Their combined expertise and knowledge of the global foreign exchange market will provide valuable counsel in critical areas including operations, regulation, risk management and technology.”

CLS CEO David Puth added: “They each bring unique experience and insight from across the global financial industry.

We are fortunate to have them on board to guide our strategic decisions as we continue to grow and diversify our capability and become the FX industry’s preferred partner for risk mitigation and operational management services.”

Meet the Directors

Vidya Bittianda is Group General Manager, Risk Metrics for ANZ Banking Group Limited

Bittianda is responsible for all wholesale and retail modelling for the bank including rating models, decision models, stress testing, provisioning, capital and risk appetite. The emphasis of her role is to highlight the importance of how data is used and modelled to manage risk.

David Gary, Managing Director and Global Head of Non-Market Risk, Deutsche Bank’s FX business

Gary served as co-Chair of Deutsche Bank’s FX Settlement Governance Forum and played a leading role in addressing the Supervisory Guidance for Managing Risks Associated with the Settlement of Foreign Exchange Transactions published by the Basel Committee on Banking Supervision in February 2013.

Akira Hoshino, Senior Fellow & General Manager, Global Markets Trading Division, The Bank of Tokyo-Mitsubishi UFJ, Ltd

Hoshino joined the bank in 1989, and before assuming the General Manager role in 2016, held the position of Senior Fellow & General Manager, Treasurer in the Global Markets Division for the East Asia Region and several additional roles in FX.

Dominique Le Masson, Senior Coordinator for European Market Infrastructures, BNP Paribas Group

Le Masson is a member of a major infrastructure advisory group at National Central Bank and European Central Bank level in addition to major central counterparties where she represents the BNP Paribas Group as a whole.

Bill Stenning, Managing Director, Clearing, Regulatory & Strategic Affairs, Global Banking and Investor Services, Societe Generale

Stenning also serves as the bank’s delegate on a number of industry association advisory bodies, including membership of the ISDA Clearing Risk and Capital Committee, ISDA Market Infrastructure & Technology Oversight Committee and the BBA Wholesale Policy Committee.

Fabrizio Tallei, Head of FX and International Money Markets, Intesa Sanpaolo Group Treasury

Tallei advises the CFO on the evolution of the FX market and settlement systems and on the impact of new regulations at Group level. He is a member of Italian Assiom-Forex and a member of the STEP Market Committee, the initiative managed by the European Money Market Institute promoting the Euro Short-Term Paper market.

David Thomas, CEO, RBC Capital Markets Europe

Thomas joined RBC Capital Markets in 1992. In his role as Chief Executive Officer, he is responsible for leading all aspects of the business in the region, including strategy execution and effective governance. He also holds a number of UK board roles including Executive Director of RBC Europe Limited and Chairman of RBC Global Asset Management (UK) Limited.

Ronnie Yam, Regional Chief Financial Officer, United Overseas Bank Limited

Ram’s current role sees him based in Singapore. He joined the bank in 2000, and is a member of the UOB Group Investment Committee, Data Management Working Committee and the Talent Management Council.

Outside Director

Until his retirement in 2015, Bryan Osmar was Managing Director and Head of Market Infrastructure at Royal Bank of Canada (RBC). He was responsible for implementing RBC Capital Markets’ regulatory reform initiatives in a range of regulatory areas and jurisdictions, notably including the reforms in the Global OTC derivatives space.

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