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CLS pushing 'transformation' agenda, says Bozian

The central settlement utility is feeding greater resources into expanding its universe of currencies, according to chief executive Alan Bozian

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Foreign exchange settlement utility CLS Bank is pursuing an aggressive agenda of transformation that includes an overhaul of its 10-year-old technology, as well as an increased effort to add more currencies and settlement members, according to its chief executive Alan Bozian.

"This is an organisation in the middle of a transformation - CLS will turn 10 years' old next September. As the market has

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