CLS Announces that Alan Bozian will Become its New Chief Executive

CLS Group has announced that Alan Bozian will be joining the group on 15 March 2010. He will be appointed as chief executive officer (CEO) of CLS Group and president and CEO of CLS Bank International, effective 30 June 2010 on the retirement of Rob Close after nine years with CLS. This executive change is part of the group’s planned succession strategy.

In announcing the appointment of Bozian as Close’s planned successor, Gerard Hartsink, chairman of CLS Group and CLS Bank International said: “Alan brings a wealth of experience to lead the continued growth and development of CLS. Going forward, there is an enormous opportunity for CLS to further deliver collaborative initiatives for the benefit of the FX industry. We are delighted that Alan has accepted this position to lead the Group in meeting these challenges. Alan has significant experience within the financial services sector. His strategic leadership ability together with his capital markets product and technology experience will be invaluable to CLS in its continued growth and evolution.”

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