CLS, a financial market infrastructure group delivering settlement, processing and data solutions, today announces the appointment of six new members to its Board of Directors at the CLS Annual General Meeting held on 9 June 2026.

The new directors are James Hardy (Independent / Outside Director), Richard James (Deutsche Bank), Sandra Laielli van Scherpenzeel (UBS Switzerland AG), Matthieu Mercier (BNP Paribas CIB), Chadwick Renfro (Independent / Outside Director) and Boyd Winston (JPMorgan Chase Bank).

James Hardy: Mr. Hardy is the former Chief Resilience Officer and Executive Vice President at State Street Corporation. Over a career spanning more than 35 years, he has held leadership roles across technology, operations, risk management, data, operational resilience and corporate governance. Mr. Hardy has also led complex operational and technology transformation initiatives across global financial markets. During more than 20 years at State Street, he held several leadership roles while also building significant board experience. Mr. Hardy also represented State Street in key industry associations, including the Securities Industry and Financial Markets Association (SIFMA), Institute of International Finance (IIF) and Global Financial Markets Association (GFMA), with a particular focus on operational and cyber resilience.

Richard James: Mr. James is Managing Director, Head of FX Digital Distribution at Deutsche Bank in London. He is a senior leader within the bank’s global foreign exchange (FX) business, with extensive experience in electronic trading, market structure and strategy and responsibility for all electronic client-facing product development and distribution across FX and metals. Prior to joining Deutsche Bank, Mr. James co-founded Project Amber, an industry consortium promoting competition within the fixed income electronic multi-dealer platform space. He also spent 22 years at J.P. Morgan, where he held several senior leadership positions, including Global Head of Macro Digital Markets.

Sandra Laielli van Scherpenzeel: Ms. Laielli van Scherpenzeel is Managing Director, Global Head of Cash Banks, Institutional and Multinational Banking at UBS Switzerland AG. Having worked at UBS for over 25 years, she has extensive experience in global cash management, FX settlement and product strategy in institutional and multinational banking. As an executive member of Institutional and Multinational Banking at UBS Switzerland AG since 2015, she has overseen Transaction Banking Cash Products, including the CLS third party offering for banks, institutional and corporate clients. Ms. Laielli van Scherpenzeel has held senior leadership positions globally at Cash Banks and Solutions developing the CLS Third Party product strategy across EMEA, APAC and the US. She serves as an active member of the European Council of the Banking Association for Finance & Trade (BAFT).

Matthieu Mercier: Mr. Mercier is Managing Director, Global Chief Information Security Officer (CISO), Head of Operational Resilience, and IT & Operations Chief Conduct and Control Officer at BNP Paribas CIB. Since joining the group in 2011, he has held several senior leadership roles focused on cybersecurity, operational resilience, IT risk, operational controls, physical security, data management and conduct frameworks globally. Earlier in his career, he held senior positions within Internal Audit (2014 to 2020) and led strategic transformation initiatives for BNP Paribas’ SWIFT infrastructures (2011 to 2014). Mr. Mercier also represents BNP Paribas in industry and regulatory forums related to cybersecurity and operational resilience.

Chadwick Renfro: Mr. Renfro is the former CISO at Bank of America and Fidelity Investments, with more than 27 years of experience in senior management positions focusing on cybersecurity and crisis management. During his tenure at Fidelity Investments, Mr. Renfro led several significant initiatives, including the launch of its digital assets offering and the enterprise response to the COVID-19 pandemic. At Bank of America, he led a team of over 1,200 security professionals. Earlier in his career, Mr. Renfro served as an officer with the U.S. Air Force Computer Emergency Response Team (AFCERT) at the Air Force Information Warfare Center, charged with detection and response to cyberattacks on U.S. Air Force cyber assets.

Boyd Winston: Mr. Winston is Managing Director, Global Head of Macro Operations and Head of EMEA Operations at JPMorgan Chase Bank, London, where he has worked since 2012. In his current role, he oversees global operations across FX and FX Services, Emerging Markets, Rates, Commodities and Fixed Income & Financing, providing end-to-end operational services to the Markets Trading and Sales division. In his role as Head of EMEA Operations, he is part of the EMEA Management Committee and is responsible for operations groups spanning International Consumer Banking, Corporate and Investment Banking and Asset & Wealth Management. Mr. Winston also represented JPMorgan Chase Bank at the Global FX Division Operations Committee of the GFMA and the Operations Sub-Committee of the Bank of England FX Joint Standing Committee (FXJSC). He previously held leadership positions including Global Head of Commodities, Currencies and Emerging Markets Operations. Prior to JPMorgan Chase Bank, Mr. Winston spent nine years at Morgan Stanley in middle and front office roles.

Gottfried Leibbrandt, Chair of the Board, commented:

“As settlement risk remains a key focus for the FX industry, we are pleased to welcome these new directors, whose collective expertise across financial markets, information security, cybersecurity, operational resilience, technology and risk management will bring valuable perspectives to CLS. We look forward to working with them as we continue to support the development of, and strengthen resilience across, the global FX ecosystem.”

The CLS Board now comprises 21 directors in total, eight of whom are designated as outside or independent directors.