Foreign exchange settlement utility CLS has appointed David Puth as its new chief executive, effective August 21.
Puth spent 19 years of his career at JP Morgan, where he held a number of senior roles, including oversight of the bank's foreign exchange, interest rate derivatives, commodities and emerging markets businesses. He was also a member of the bank's executive committee. Between 1999 and 2002, he chaired the Federal Reserve Bank of New York's FX Committee.
Puth left JP Morgan in 2007 to