Euroclear CSDs strengthen Boards with the appointment of Marieke Bax
Independent Director joins Boards of Euroclear Settlement of Euronext-Zone Securities (ESES) CSDs
Amsterdam, 9 November 2016 – Euroclear today announced the appointment of Marieke Bax to the Board of Directors for each of its ESES CSDs: Euroclear Belgium, Euroclear France and Euroclear Nederland.
Mrs. Bax brings extensive non-executive and Boardroom advisory experience. She currently holds Non-Executive Director positions at Crédit Lyonnais Securities Asia BV, Vastned Retail, VION Food Group, Fonds Podiumkunsten, Frans Hals Museum.
Previously, she served as strategic advisor to KPMG Netherlands, Chairman of ASR Insurance’s Remuneration Committee and on the Monitoring Committee of Talent to the Top, an annual report on female board representation.
After an international career from 1991 to 2000 with Sara Lee Corporation, a US consumer-goods business, Mrs. Bax served as Chief Financial Officer of e-commerce start-up Hot-Orange from 2000 to 2003 before joining Gooseberry, a corporate governance consultancy, as Managing Partner from 2003 to 2007. In 2007, at the request of the Dutch Prime Minister, Mrs. Bax founded Talent To The Top, where she acted as executive director until 2009.
Mrs. Bax holds a degree in Business Administration from INSEAD Fontainebleau, a law degree from the University of Amsterdam, an honorary Master of Law from the University of Cambridge and a FT London Non-executive Director’s Diploma. Amongst numerous accolades, Management Scope magazine named her as one of the most influential 100 corporate women in the Netherlands.
Lieve Mostrey, Chair of the ESES CSDs, commented: “I am delighted to welcome Marieke Bax as a Board member of our ESES CSDs. Marieke’s significant international management and board-level experience, her focus on corporate governance and developing talent, will bring considerable value to the Board.”
Marieke Bax added: “I am excited to be joining the Boards of Euroclear’s ESES CSDs. I look forward to contributing to Euroclear’s efforts to navigate the changing financial landscape in Europe as it continues to support clients in Belgium, France, the Netherlands and beyond.”
Note to editors
About the ESES CSDs
Euroclear Belgium, Euroclear France & Euroclear Nederland are the first and only group of central securities depositories (CSD) in continental Europe that process client transactions on a shared platform and operate with harmonised market rules and practices. Known as the ESES (Euroclear Settlement of Euronext-Zone Securities) platform, the three CSDs settled EUR 87 trillion of securities transactions in 2014 and held EUR 7 trillion of assets for clients.
The three ESES CSDs are part of the Euroclear group, which includes Euroclear Bank - which is rated AA+ by Fitch Ratings and AA by Standard & Poor’s - as well as Euroclear Finland, 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.