Euroclear Announces Appointment of Lieve Mostrey as Chief Executive Officer
Appointment follows Tim Howell’s decision to leave the group.
Brussels and London, 31 October 2016 – The Board of Euroclear is pleased to announce the appointment of Lieve Mostrey as Chief Executive Officer with effect from 1 January 2017, as Tim Howell has decided to step down from the group after six years at the helm. In-line with the Board's succession plan, Mr. Howell will handover to Ms. Mostrey who will lead Euroclear through this next phase of its strategic development.
Lieve Mostrey joined Euroclear in October 2010 as Executive Director and Chief Technology & Services Officer, serving as a member of the group’s Management Committee, as an Executive Director of the Board, and as the Chairperson of several of the groups’ central securities depositories. Ms. Mostrey also has extensive external Board experience, having served as non-executive director of RealDolmen, Euronext and SWIFT.
An engineer by education, Lieve Mostrey has broad experience across management, IT technology, and operations. Previously, Ms. Mostrey was a member of the Executive Committee of BNP Paribas Fortis in Brussels, having earlier begun her career in Générale de Banque, and thereafter Fortis. Ms. Mostrey was also a Non-Executive Director of the Board of Euroclear between 2006 and May 2010.
Marc Antoine Autheman, Chairman of the Euroclear group, said: “The Board congratulates Lieve on her appointment to Chief Executive Officer. Lieve brings to the role vast experience both within Euroclear as well as from earlier roles in financial services and non-executive Board directorships.
“The Board also thanks Tim for Euroclear’s success achieved during his tenure; building its business, forging new business partnerships, growing shareholder returns and strengthening the organisation’s resilience as a key financial market infrastructure.”
Lieve Mostrey, Chief Executive Officer of the Euroclear group, said: “As the financial industry’s trusted provider of post trade services, Euroclear is entering an exciting new phase of its development, amid the evolution of global capital markets. I look forward to leading Euroclear’s team of dedicated employees, committed to delivering risk-mitigation, automation and efficiency at scale for our global client franchise.”
Note to editors
Euroclear group is the financial industry’s trusted provider of post trade services. At the core, the group provides settlement, safe-keeping and servicing of domestic and cross-border securities for bonds, equities and derivatives to investment funds. Euroclear is a proven, resilient capital market infrastructure committed to delivering risk-mitigation, automation and efficiency at scale for its global client franchise.
The Euroclear group includes Euroclear Bank - which is rated AA+ by Fitch Ratings and AA by Standard & Poor’s - as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden and Euroclear UK & Ireland. The Euroclear group settled the equivalent of EUR 675 trillion in securities transactions in 2015, representing 191 million domestic and cross-border transactions. In the first half of 2016, the group held EUR 27 trillion in assets for clients.