CLS pushing 'transformation' agenda, says Bozian

Alan Bozian, CLS

Foreign exchange settlement utility CLS Bank is pursuing an aggressive agenda of transformation that includes a wide-ranging overhaul of its 10-year-old technology as well as an increased effort to add more currencies and settlement members, according to its chief executive Alan Bozian.

"This is an organisation in the middle of a transformation – CLS will turn 10 years' old next September. As the market has grown and the regulatory landscape has shifted, it has become clear we need to transform