CLS Strengthens Product and Sales Divisions, Hires 2 Key Staff Members

CLS Group made important moves with the recent hiring of two new employees in key positions. Angus Scott was brought in from Euroclear, and will be the new Head of Product, while Lisa Danino-Lewis was hired to be the new Head of Sales EMEA.

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The company is a provider of risk mitigation and operational services for the global FX market, focused on providing its clients with Settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term, processing and data solutions and services.

CLS remained highly active year in 2017, and Angus Scott will step in to his new position as the company is attempting to widen and improve its product offerings. The company has made progress in various facets of operation. In October of 2017, CLS partnered with Quandl, a data platform for economic and financial data, in an effort to make CLS’ near real-time FX volume, pricing, and order flow data reports available via its platform. Additionally, the company recently added Absa Bank as its newest settlement member, further strengthening its presence in South Africa and working to expand its overall client base.

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As 2018 has gotten underway, it has become clear that blockchain technology is a force to monitor. Companies who are late to incorporate the technology into operations could pay a heavy price in the long run. CLS has taken steps to improve FX post-trade efficiency, through the implementation of blockchain technology.

While Mr. Scott joins CLS at a time of product development and innovation, its sales division was strengthened as well with the hiring of Lisa Danino-Lewis. With an extensive history in financial and FX sales, Ms. Danino-Lewis will be counted on to bolster sales performance. Her experience includes over seven years as Head of e-Commerce FX Sales (EMEA) at HSBC, followed by three and a half years in a similar position at BNP Paribas. Just prior to joining CLS Group, she headed the Financial Services Sales Division, at London-based Broadway Technology, where she was “responsible for sales across Broadway’s FX, fixed income and regulatory solutions in EMEA.”

"A deep understanding of the challenges"

It is apparent that CLS is taking steps to put in place a team that will steer the company toward achieving its desired goals. Alan Marquard, CLS’ Chief Strategy and Development Officer, said: “I am very pleased to welcome Angus and Lisa to our team and look forward to working with them. Their experience working within leading FX clients means they both have a deep understanding of the challenges facing market participants. Their insight will be invaluable in supporting the delivery of our growth strategy. This is an exciting time for CLS. We have a significant number of innovative, forward-looking solutions in development that will deliver greater efficiencies, further reduce risk and help our clients to stay at the forefront of a changing market.”