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Euroclear grows Luxembourg office

Brussels and Luxembourg, 15 April 2013 - Euroclear is expanding its presence in Luxembourg by broadening the role of its local office, further reinforcing its ties with financial institutions in the Grand Duchy. The office will accommodate up to ten employees who will focus on expanding client relationships and delivering account management services. The office is headed up by Jane Sidnell, reporting to Philippe Laurensy, Director and Regional Head, in Brussels.

 

Jane Sidnell and Philippe Laurensy both have over 20 years experience within the post-trade industry. Mrs Sidnell has spent the past ten years of her 22-year career working with Luxembourg-based clients, largely to market Euroclear’s FundSettle platform and the EMX Message System. Mr Laurensy’s 25 years with Euroclear have primarily been focused on developing client relationships and capturing business growth opportunities, notably in Europe. The client proximity afforded by the enlarged Luxembourg office is an important asset to Mrs Sidnell, Mr Laurensy and their commercial team. They will work more extensively and closely with Euroclear’s Luxembourg client base in adapting to new regulations and preparing to work in a Target2-Securities post-trade environment.

Pierre Yves Goemans, Head of Commercial, at Euroclear commented: “Luxembourg is the largest private banking centre and second largest investment fund centre in the world, making it a logical focal point for Euroclear. The expansion of our Luxembourg office is a clear indication of our continued commitment to provide high levels of service to our clients. Jane’s understanding of the Luxembourg investment fund sector and Philippe’s broader industry knowledge and experience will prove instrumental in building a highly client-focused team in Luxembourg with the right skills to attract new business.”

Euroclear offices in Europe and around the world serve local client needs in local time zones, covering major fund markets like Ireland and serving as regional operations centres like Euroclear Bank’s branch office in Hong Kong. Euroclear has offices in 15 countries spanning Europe, Asia and the Americas.

 

Note to Editors

Euroclear is the world’s largest provider of domestic and cross-border settlement and related services for bond, equity, derivatives and fund transactions. The Euroclear group includes Euroclear Bank, based in Brussels, as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden and Euroclear UK & Ireland.

 

In 2012, the Euroclear group settled the equivalent of EUR 542 trillion in ecuritiestrans actions, representing 159 million domestic and crossborder transactions, and held more than EUR 23 trillion in assets for clients. Euroclear Bank is rated AA+ by Fitch Ratings and AA by Standard & Poor’s.

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