Ken Harvey to be appointed as the New Chairman of CLS Group


Ken Harvey to be appointed as the New Chairman of CLS Group

The Ex HSBC officer is likely to assume its position in October 2014 – Renowned and largest multi-currency Cash Settlement Company CLS, on Monday, announced the appointment of Ken Harvey as their new Chairman of the Board of Directors of CLS Group Holding AG and CLS Bank International.
The news came in the light of the retirement of CLS Group’s current chairman Gerard Hartsink. He is expected to leave his seat effective 2014, the same time when Mr. Harvey will take over, as announced by CLS Group.

The newly-assumed chairman Mr. Ken Harvey holds an impressive track record, reflects his 30 years of global finance experience. His most-recent position is at HSBC in which he was the Group Chief Technology and Services Officer and Group Chief Officer. Erstwhile, he has also been a valuable asset to Oliver Wyman, a major management consultancy firm, as a crucial member of their Senior Advisory Board. He was also an Independent Director at Amber Road, a renowned name in global management sector.

There is no doubt about Mr. Harvey’s expertise over the position of CLS’s chairman, indicates the outgoing chairman Gerard Hartsink, who has been the company’s chairman for almost seven years. “Ken is ideally suited for this role,” says Gerard, “he has proved a vital addition to the Board during his tenure and will bring continuity to leadership at CLS. I look forward to working closely with him to ensure a smooth transition and would like to thank my fellow Board members for their support and hard work during my tenure.”


The CEO of CLS Mr. David Puth also showed a similar conviction towards their new chairman, putting his trust over Mr. Harvey’s idealistic qualities as a leader who can take better decisions for the company, thanks to his extensive international experience in Asia, Europe and the America.

Ken also offered his gratitude while stating, “CLS plays a pivotal role, providing stability in the largest and most liquid market, foreign exchange. I look forward to working with my fellow Board members and the executive team as we take the organization and our offering forward to new markets and regions, to the benefit of the global financial eco-system.”

To contact the reporter of the story: Jonathan Millet at