CLS announces senior hire from ICAP

1 September 2008

CLS Bank International (CLS Bank) today announces the appointment of Roger Rutherford as the new Head of Product Management at CLS Services reporting to Rachael Hoey, Director of Business Development at CLS. Rutherford will drive the product development programme at CLS leveraging his considerable global FX electronic trading expertise.

Rutherford joins CLS after a successful career at EBS, the global currency and metals e-trading platform acquired by ICAP in 2006. Rutherford’s background includes leading the EBS Sales teams (EMEA) in 2003, driving EBS Ai and later Prime Brokerage product team and latterly spearheading the introduction of NDF trading to the e-trading business. Rutherford gained significant FX Brokerage experience in the US and Canadian markets after starting his career at MW Marshall Money Brokers in London and New York.

Rachael Hoey, Director, Business Development at CLS Services said: “We are delighted to welcome on board a product manager of Roger’s calibre to CLS. Roger is one of the leading managers in his field and has built up a wealth of experience within the global FX electronic trading markets that will provide CLS with the expertise needed to continue to drive our strategy and service proposition to meet the demands of our clients in a changing market environment.”

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