Trading places

Klein exits SIS but remains at CLS

Fritz Klein will continue in his role as chairman of the board of directors for CLS Group, after stepping down from his current position as head of group services and strategic projects at Swiss and international securities depository SegaInterSettle Group (SIS) in Switzerland this July.

Klein became chair of CLS in July 2003, replacing Suzanne Labarge, vice-chairman at Royal Bank of Canada, and will continue in this role until the end of his maximum term, he