He will be responsible for overseeing CLS’s existing product suite and all new product development in the Settlement and Processing business lines.

Keith has over 20 years of experience in the financial technology sector, much of which has focused on FX and OTC derivatives trade processing and G20 regulatory change. He joins CLS from Droit Financial Technologies, where he worked as Head of Business Development for Europe and Asia Pacific. Previously, Keith held numerous product management and business development roles, including with SWIFT and Markit. At Markit, he was a Managing Director within its trade processing division and was responsible for establishing MarkitSERV FX.

Commenting on the appointment, Alan Marquard, Chief Business Development Officer, CLS, said: “We are delighted to welcome Keith to CLS. He has extensive product management and business development experience and a proven track record of delivering complex industry solutions. In his role at CLS, he will empower our clients’ success by delivering products that address their changing requirements in the evolving FX market. His appointment supports our growth strategy as we continue to expand the CLS offering globally.”

Keith Tippell, Head of Product, CLS, added: “Recent market developments further highlight the importance of the safe and efficient daily operation of the FX market. I look forward to partnering with the industry to evolve existing CLS services to further mitigate risk and to establish new services where core CLS competencies can be leveraged for the broader benefit of the market.”