CLS hires Zschach as chief information officer

FX risk reduction utility CLS has hired Tom Zschach as its new chief information officer, taking over the reins from former incumbent Sankar Aiyar, who unexpectedly quit the unit in March, midway through a major IT upgrade.

  0 Be the first to comment

CLS hires Zschach as chief information officer

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

Zschach joins CLS from LCH.Clearnet, where he was CIO for three years and led the technology function through a major business transformation programme. He has also held various senior technology roles at Bank of America Merrill Lynch, Barclays Capital and Credit Suisse First Boston.

Zschach will pick up where he left off at LCH.Clearnet as CLS continues to work on a major infrastructure programme that is set to run until 2016.

David Puth, chief executive officer at CLS, says: "I am extremely pleased to have Tom join the CLS team. His extensive experience leading both investment banking and clearing house technology businesses will serve CLS very well in the years ahead."

Sponsored [Webinar] PREDICT 2025: The Future of AI in the US

Comments: (0)

[Impact Study] 2024 Fraud Trends in Banking, Insurance, and BeyondFinextra Promoted[Impact Study] 2024 Fraud Trends in Banking, Insurance, and Beyond