CLS Bank International (CLS Bank) today announced the appointment of Jonathan Butterfield who takes up the role of Executive Vice President, Marketing and Communication for CLS Bank. Based in New York, and reporting to CLS Bank President and CEO Joseph De Feo, Jonathan is responsible for CLS Group’s marketing, brand, communication and product strategies, and will manage the relationship management, product management and communication functions.
CLS Bank changes the way the financial services Industry operates, linking seven of the world’s central banks and many of the world’s leading financial institutions in a unique global settlement system. This is the first of its kind – a global banking settlement system. Since its launch in September 2002, CLS Bank has exceeded expectations, with over $USD 30 trillion settled successfully to date.
Joining CLS from ABN Amro Bank NV, Jonathan most recently held the position of Managing Director, Financial Institutions and Public Sector Division within Global Transaction Services, where he had responsibility for sales and service staff located in 45 countries. Prior to this, Jonathan served as Head of Marketing, Sales and Service, Global Transaction Services within ABN Amro.
Previous to that, Jonathan has held senior positions within Chase Manhattan Banking Corporation and has over 20 years financial services experience from his days with Chemical Banking Corporation.
Commenting on Mr Butterfield’s appointment, Joseph De Feo, President and CEO, CLS Bank said, “Attracting the best people has always been a priority for CLS Group and we are delighted to welcome Jonathan to his new role. He brings a wealth of both broad and specific experience and professionalism gained over 30 years in the financial markets that will prove invaluable to the whole Group and to the long-term success of CLS”.
Jonathan Butterfield commented, “The launch of the continuous linked settlement service is a hugely significant milestone, and I am looking forward to the challenge of bringing CLS to an increasing proportion of the market, building on the enormous success of the last year.”