CLS chief technology officer resigns amid IT upgrade

Move unconnected to Alice lawsuit

David Puth at CLS
David Puth, chief executive, CLS

Chief technology officer Sankar Aiyar has resigned from currency settlement utility CLS after three years at the firm and in the middle of an ongoing IT infrastructure build that will run to 2016, people familiar with the matter told FX Week.

CLS confirmed the move and said it has started the process of searching for a replacement to ensure that the ongoing IT build-out continues to run smoothly.

"Sankar Aiyar has decided to leave CLS to take some time away from business," a CLS spokesperson

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