CLS Team Focuses on Risk Management and Capacity-Building Strategies

CLS Group Holdings AG CEO David Puth spoke with FX Week in an October 2012 interview about his current strategic initiatives. Identifying risk as a primary focus, David Puth detailed his firm’s ongoing efforts to increase its ability to comfortably handle a wide range of potential market stress situations.

The executive’s emphasis on risk reflects an extensive background in risk management that spans high-level roles with JPMorgan Chase and State Street Bank in Boston. He noted that significant investments have been made in CLS risk resources in recent years, and that he is specifically impressed with that aspect of the firm’s capabilities.

CLS is also directing efforts to address future market needs. With settlement volumes expanding to record highs, Mr. Puth is pursuing strategies intended to meet projected demand. Describing his executive role as a “balancing act,” the CEO seeks to right-size CLS system capacity in a cost-effective manner.