CLS Group, one of the largest multi-currency cash settlement systems, has appointed Naresh Nagia as Executive Vice President and Chief Risk Officer, effective as of this week.
Nagia will be a member of the senior management team and report to CEO Alan Bozian.
Nagia joins CLS with a raft of risk management experience across a wide range of asset classes. Most recently, he was Chief Risk Officer of Investments at Genworth Financial with risk oversight for an investment portfolio.
Prior to that, he spent 25 years at Citibank in a variety of senior positions in the US and internationally. The roles included Managing Director and Senior Risk Manager across multiple products. He began his career with Citibank as an FX and FX options trader.
I am pleased that Naresh will join our team, says Bozian. His in-depth understanding of developing risk plans in addition to his international experience and leadership in the capital markets will further strengthen the expertise of our risk organisation.
(LB)