Deborah Hrvatin Appointed as Chief Risk Officer at CLS Group

CLS Group, a US based financial service provider which is known for its forex risk mitigation and settlement services recently revealed in an announcement that it has made a new addition to its senior level leadership team. As per statement released by the firm, it has hired Ms. Deborah Hrvatin to serve as its Chief Risk Officer. The incoming executive is a finance industry veteran with nearly three decades of experience and began her term at end of October 2019 as per information in his LinkedIn profile. Prior to her new role with CLS Group, Ms. Hrvatin served as Managing Director for US based multinational banking service provider Citi Group for two and a half years and was based at the bank’s New York office. Before her term with US lender, she served in various senior level management roles at German multinational banking service provider Deutsche Bank for nearly two decades.

Deborah Hrvatin

During her 18½ – years long tenure with the German investment bank provider, Ms. Hrvatin served in capacity of director for four different teams. She started out as Director of Global Markets business management & COO for the bank’s global securitization team and moved on to serve as Head of Operational Risk-Corporate Banking & Securities 7 Direction/COO of Group Technology and Operations team and finally held the role of Managing Director, Head of Operational Risk Management division for Americas market region for three and half years. Deborah started her career as Senior Bank Examiner at Federal Reserve Bank o New York in December of 1991 post graduating with a bachelors’ degree in business administration and an MBA in International Finance from Hofstra University. Post her stint at Federal Reserve Bank, she served as Vice President of Equity Product Controller at Bankers Trust Company before joining the German bank where she spent major part of her multi decade long career.

In her new role as Chief Risk Officer, Deborah becomes a part of the firm’s executive management committee and is responsible for leading the firm’s global risk functions and risk management framework. As CRO, she is also expected to build an enhanced culture of risk identification and mitigation. Speaking about her new role at the firm, Deborah said, “CLS plays a crucial risk-mitigation role in the FX industry, and I am looking forward to further embedding a culture of risk identification, challenge and mitigation at one of the world’s leading global infrastructures”. Commenting on same topic, Mr. Gilbert Lichter – interim Chief Executive Officer of the firm added, “Deborah is a strong addition to our team. In her new role, she will be able to draw on her extensive experience in risk management from some of the world’s largest sell-side institutions to further the CLS risk agenda”.