CLS hires Kos to head regulatory affairs
Foreign exchange utility CLS Group has appointed Dino Kos as head of global regulatory affairs. In his new role, he will report to David Puth, chief executive at CLS from his base in New York.
Kos has 25 years of industry experience. From 1985 to 2007 he worked at the Federal Reserve Bank of New York in various regulatory and market roles. He was responsible for open market operations, FX trading, treasury auctions, the discount window and correspondent banking services. He also reported to the Federal Open Market Committee on the implementation of monetary policy and market developments.
Prior to joining CLS, Kos worked for Hamiltonian Associates, a specialised macro advisory research firm which he co-founded, working with buy-side investors on currency and fixed income. Before that, he was a managing director at Portales Partners, where he analysed global macroeconomic trends for institutional clients. He has also worked at Morgan Stanley Investment Management, where he covered central banks and sovereign wealth funds.
“As the regulatory environment continues to evolve, we are very pleased that Dino is joining CLS to lead our global regulatory affairs team,” said Puth. “With 22 years at the Federal Reserve Bank of New York and a track record of working effectively with central banks, regulators and financial institutions, Dino is one of the most knowledgeable professionals in the FX market.”
CLS operates a multi-cash settlement system designed to mitigate settlement risk for FX transactions. The company covers 17 currencies, including the US dollar, the euro, the UK pound, Japanese yen and many others.