As a member of the executive management committee she will lead the Risk function globally.

Deborah joins CLS from Citigroup, where she was Global Head of Operational Risk Management for the Institutional Clients Group. As a specialist in risk management and strengthening controls, she is responsible for CLS’s risk management framework and for building an enhanced culture of risk identification, challenge and mitigation.

Prior to joining Citigroup in 2017, Deborah spent 22 years with Deutsche Bank, where she held several leadership roles including Head of Operational Risk for the Americas region and the Global Corporate Finance division and Chief Operating Officer for the Global Securitization Group. Deborah began her career in financial services as a commissioned bank examiner with the Federal Reserve Bank of New York.

Commenting on the appointment, Gilbert Lichter, Interim CEO, said “Deborah is a strong addition to our team. In her new role, she will be able to draw on her extensive experience in risk management from some of the world’s largest sell-side institutions to further the CLS risk agenda.”

Deborah Hrvatin, Chief Risk Officer, CLS, added, “CLS plays a crucial risk-mitigation role in the FX industry, and I am looking forward to further embedding a culture of risk identification, challenge and mitigation at one of the world’s leading global infrastructures.”