Olivier Grimonpont named CEO and Murray Pozmanter appointed to the Board of the collateral management joint venture

Brussels/London/New York – 19 December 2017 – DTCC-Euroclear GlobalCollateral Ltd. (“GlobalCollateral”), a joint venture (JV) of Euroclear and The Depository Trust & Clearing Corporation (DTCC), today announced that Olivier Grimonpont will assume the role of CEO from 1 January 2018, subject to regulatory approval. Mr. Grimonpont will also continue in his role as Euroclear group’s Global Head of Collateral Management.

Mr. Grimonpont succeeds Michael Shipton who is retiring at the end of the year. Mr. Shipton will remain on the GlobalCollateral Board in a non-executive capacity.

In addition, Murray Pozmanter, Managing Director and Head of Clearing Agency Services and Global Operations at DTCC, will also be appointed to the GlobalCollateral Board, subject to regulatory approval.

GlobalCollateral’s mission is to deliver increased efficiency and reduced costs within the highly-fragmented and complex collateral management industry. By drawing on the combined resources and expertise of two of the largest post-trade infrastructure providers in the world, GlobalCollateral offers a truly global solution for efficiently allocating and mobilizing capital globally.

Jo Van de Velde, Executive Director of DTCC-Euroclear Global Collateral Ltd., commented: “I would like to take this opportunity to thank Michael for everything he has contributed to GlobalCollateral since its inception three years ago. Michael has displayed exceptional leadership and an unquestionable commitment to the joint venture’s success. I am confident GlobalCollateral, under Olivier’s stewardship, will take the next step in its journey to deliver transformational market utilities for margin and collateral processing."

Mark Jennis, Executive Chairman of DTCC-Euroclear Global Collateral Ltd., added: “We extend our welcome to Olivier and Murray. Both bring a wealth of collateral management knowledge and expertise to the JV, and we look forward to working with them in the coming months and years as we transform the collateral and margin management infrastructure across the industry.”

Initially launched in 2014, GlobalCollateral is working to revolutionize the collateral and margin management process, as regulatory mandates require firms to post additional margin across transactions to reduce counterparty and systemic risk.


About GlobalCollateral

DTCC-Euroclear GlobalCollateral Ltd (“GlobalCollateral”) is a joint-venture between DTCC and Euroclear, two of the world's largest post-trade infrastructures. An open architecture infrastructure designed to streamline collateral processing globally, GlobalCollateral provides both OTC derivatives and financing solutions that deliver transparency, collateral mobility, efficiency and security through two powerful utilities:

  • The Margin Transit Utility: enabling straight-through processing of margin calls and providing improved liquidity and operational risk management.
  • The Collateral Management Utility: automating collateral management tasks, re-positioning inventory seamlessly across settlement locations, making collateral available wherever and whenever it is needed.

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