CLS pushing 'transformation' agenda, says Bozian
The central settlement utility is feeding greater resources into expanding its universe of currencies, according to chief executive Alan Bozian
Foreign exchange settlement utility CLS Bank is pursuing an aggressive agenda of transformation that includes an 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 CLS to
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