CLS announced today that two new members were appointed to its Board of Directors at the annual CLS General Assembly held on June 10, 2025.
The new managers of the Board of Directors are Brigitte Daurelle (Independent/Foreign Manager) and Ryo Terazawa (MUFG Bank).
Ms Daurelle is the former CEO of Euroclear Belgium, France, the Netherlands. He is currently working as an independent non -executive director of SFIL, the largest Public Bank of France, where he is chaired by the Audit Committee and is a member of the governance and remuneration and risk committees. With a career extending more than two decades to Euroclear, Ms Daurelle has played several senior leaders, more recently as CEO & Entression Lead in MFEX by Euroclear.
Throughout her career she has implemented in -depth businessmen and business transformations, execute product starts, integrated strategic acquisitions, directs large IT programs and led innovative change programs.
Mr Terazawa is the CEO, Deputy Head of the MUFG Bank Transaction Department. It drives issues of organizational and internal control within the Department, which provides JPY -related cross -border transaction services, including cash clearance, CLS settlements and custody of mobile values. Prior to his current role, he was head of the MUFG marketing office, promoting MUFG cash clearance and sub-terms.
Mr Terazawa brings extensive expertise and a range of knowledge to the strategic planning to the Board of Directors.
The CLS Board now includes 21 managers in total, eight of which are designated as external or independent directors.
Gottfried Leibbrandt, Chairman of the Board of Directors, commented:
“We are pleased to welcome our new managers to the Board of Directors. The extensive background on market infrastructure and financial services will be invaluable as we work to enhance the value provided through CLS services while facing the challenges facing the FX industry.”