CLS appoints Thomas Barkhuff as Chief Information Officer
May 11, 2020

CLS, the market infrastructure group delivering settlement, processing and data solutions, today announces the appointment of Thomas Barkhuff as Chief Information Officer. He will report to Chief Executive Officer Marc Bayle de Jessé and serve as a member of the Executive Management Committee.

Barkhuff will oversee CLS's technology and information security strategy and operations. He will be responsible for ensuring the continued delivery of stable, resilient and effective IT services, applications and infrastructure, commensurate with CLS's role as a systemically important financial market infrastructure.

He will also play a central role in supporting CLS's efforts to continue delivering market-wide solutions that provide transparency, mitigate risk and enable business growth for the FX market.

He joins from IT and business consulting services firm CGI, where he was Chief Technology Officer of the Finance and Insurance Group, responsible for leading the global software engineering team and overseeing numerous finance and insurance products.

In his nearly 30 years of working in financial services, he has held two Chief Information Officer roles at TD Bank Group, including Chief Information Officer for the US bank. Previously he was a Senior Technology Executive for Bank of America.

de Jessé said: "Tom's appointment is of critical importance to CLS. A robust technology platform has always been at the core of CLS, both for our settlement services and now CLSNet, the first global FX market enterprise application running on blockchain in production.

"Tom will oversee the continued implementation of CLS's multi-year programme to deliver a single platform supporting CLSSettlement, CLSNow and CLSClearedFX as well as the further development of CLSNet."





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CLS, the market infrastructure group delivering settlement, processing and data solutions, today announces the appointment of Thomas Barkhuff as Chief Information Officer. He will report to Chief Executive Officer Marc Bayle de Jessé and serve as a member of the Executive Management Committee.

Barkhuff will oversee CLS's technology and information security strategy and operations. He will be responsible for ensuring the continued delivery of stable, resilient and effective IT services, applications and infrastructure, commensurate with CLS's role as a systemically important financial market infrastructure.

He will also play a central role in supporting CLS's efforts to continue delivering market-wide solutions that provide transparency, mitigate risk and enable business growth for the FX market.

He joins from IT and business consulting services firm CGI, where he was Chief Technology Officer of the Finance and Insurance Group, responsible for leading the global software engineering team and overseeing numerous finance and insurance products.

In his nearly 30 years of working in financial services, he has held two Chief Information Officer roles at TD Bank Group, including Chief Information Officer for the US bank. Previously he was a Senior Technology Executive for Bank of America.

de Jessé said: "Tom's appointment is of critical importance to CLS. A robust technology platform has always been at the core of CLS, both for our settlement services and now CLSNet, the first global FX market enterprise application running on blockchain in production.

"Tom will oversee the continued implementation of CLS's multi-year programme to deliver a single platform supporting CLSSettlement, CLSNow and CLSClearedFX as well as the further development of CLSNet."



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