Insight & Analysis

Press release: CLS appoints Duncan Barnard as Chief Internal Auditor

Published: Aug 2018

28th August 2018 – CLS, a market infrastructure group delivering settlement, processing and data solutions, today announced that Duncan Barnard has been appointed Chief Internal Auditor. Based in New York, Duncan is responsible for leading CLS’s audit activity globally. He reports to the Audit and Finance Committee of the CLS Board and to CEO David Puth.

Duncan brings to CLS extensive experience working with leading global professional services firms, most recently Accenture, where he served as Managing Director in the Finance and Risk Practice covering the US Northeast region. Prior to that, Duncan was Managing Director in PricewaterhouseCoopers’ (PwC’s) Risk and Compliance Analytics Practice, of which he was a founding member, and also served as Managing Director in PwC’s US Northeast Risk Assurance Practice.

Earlier in his career, Duncan held a number of roles as Partner at Ernst & Young, specializing in technology and security risk services as well as global information management and analytics. In the latter role, he led the buildout of a major service channel both in the Americas and globally.

Commenting on the appointment, Ken Harvey, Chairman of the Board at CLS, said: “We are delighted to welcome Duncan to CLS. He brings a wealth of experience to this role in audit, risk management and analytics, which renders him well-placed to lead the global execution of our audit strategy as our business evolves to capitalize on the greater role of technology in risk mitigation.”

David Puth, CEO of CLS added, “Duncan has a deep understanding of the strategic risks faced by firms in the financial services industry. The critical insights he brings to the role will help bolster CLS’s position as a trusted market infrastructure so that it can continue to deliver efficiencies, reduce risk and help clients navigate the changing FX market.”

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