On the Move

FX settlement house CLS appoints next chief executive

European Central Bank’s market infrastructure and payments chief will join CLS in December

CLS, which settles trillions of dollars of foreign exchange trades, has named the European Central Bank’s market infrastructure and payments chief as its next chief executive.

Marc Bayle de Jessé, director-general for market infrastructure and payments at the Frankfurt-based central bank, will take up the top role at CLS on December 2.

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