Foreign exchange (FX) market infrastructure CLS has appointed a former client services executive from Northern Trust for a similar role in the Asia-Pacific (APAC) region.
Margaret Law joins CLS as head of client management APAC, where she will be responsible for growing its regional client base and leading the adoption of CLS’s portfolio of products, focusing on settlement, processing and data.
She joins from Northern Trust where she was responsible for managing the local sales team and growing client relationships across Hong Kong, Taiwan and Macau.
Law also held senior sales roles across a range of asset classes for Bank of America Merrill Lynch, HSBC and Citi.
“Margaret’s experience in senior roles in the region makes her a perfect candidate for the role at CLS. She has a deep knowledge of the FX industry, as well as longstanding relationships with senior executives across the buy-side in the region,” said Joe Ziccarelli, global head of sales, CLS.
“We are looking forward to Margaret continuing to drive our market penetration in the Asia Pacific region.”
In August, CLS introduced Fidelity International and The Master Trust Bank of Japan (MTBJ) onto its FX settlement service, following a multi-year effort to onboard the Japanese buy-side community onto the CLSSettlement platform.