CLS Services Appoints New CEO


CLS Services, the private sector initiative designed to eliminate FX settlement risk by constructing a global clearing and settlement network, announced the appointment of a new chief executive last week. The move is expected to boost attempts by CLS to prevent further delays in delivery of its system to the 63 global foreign exchange settlement banks.

Joseph De Feo will succeed the present CEO of CLS, Larry Recknagel, on July 10. Mr Recknagel is leaving to pursue other, as yet unspecified,

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: