This division was created to align CLS’s Product and Relationship Management teams more closely with CLS’s strategy of growing its global presence and expanding its product portfolio, while continuing to deliver the core settlement service seamlessly.

As Chief Strategy and Development Officer, Alan will oversee all aspects of corporate strategy and planning, product development and management, relationship management and CLS’s activities across Asia. He retains his role as General Counsel and representative for all legal matters to CLS’s Executive Management Committee and the CLS Group Board.

David Puth, CEO of CLS said: “The Corporate Strategy and Development division will allow CLS to use its resources more effectively. We have a number of new risk mitigation initiatives underway to enhance the safety and security of the global FX market. This development ensures we are better positioned to achieve our key strategic goals, engage with the market about new product initiatives and expand participation in CLS.

“Alan’s legal and business background, combined with his in-depth understanding of the FX market, makes him an excellent candidate to lead this new division. He has played an integral role in defining CLS’s strategy, and I look forward to working more closely with Alan and his team as CLS embarks on this new stage of growth.”