CLS has apppointed Deborah Hrvatin as Chief Risk Officer, where she will lead the Risk function globally.

Deborah joins CLS from Citigroup, where she was Global Head of Operational Risk Management for the Institutional Clients Group. Prior to this, Deborah spent 22 years at Deutsche Bank, where she held roles including Head of Operational Risk for the Americas and for the Global Corporate Finance division, and Chief Operating Officer for the Global Securitization Group. Deborah began her career in financial services as a commissioned bank examiner with the Federal Reserve Bank of New York.

“Deborah is a strong addition to our team. In her new role, she will be able to draw on her extensive experience in risk management from some of the world’s largest sell-side institutions to further the CLS risk agenda,” said Gilbert Lichter, Interim CEO, CLS.

"CLS plays a crucial risk-mitigation role in the FX industry, and I am looking forward to further embedding a culture of risk identification, challenge and mitigation at one of the world’s leading global infrastructures,” said Deborah Hrvatin, Chief Risk Officer, CLS.