Michael Carty to lead Euroclear's UK CSD from October 2020

London/Stockholm, 12 June 2020 – Euroclear UK & Ireland are pleased to announce the appointment of Michael Carty as Chief Executive Officer. Mr Carty replaces Christopher Elms who held the role on an interim basis.

With 13 years’ experience at Euroclear, Mr Carty is currently Chief Executive Officer of Euroclear Sweden, the group’s Swedish national CSD. During his five year tenure as CEO in Sweden, he has helped Euroclear Sweden to successfully achieve its CSDR licence while strengthening its client proposition in a number of key business lines, such as its funds offering.

Mr Carty will be replaced on an interim basis as CEO of Euroclear Sweden by Annelie Lindahl, who is presently its Chief Operating Officer. Ms Lindahl, along with the leadership team, is tasked with ensuring Euroclear Sweden progresses its strategic priorities while the search for a permanent replacement is finalised.

Euroclear Group CEO, Lieve Mostrey said: "I am very pleased to welcome Michael Carty to his new role to lead Euroclear UK & Ireland in the next chapter of its journey. He has successfully led Euroclear Sweden over the past years, and leaves a strong business with an attractive service offering to clients across both the Nordic and European financial markets."

Robert Hingley Chairman, Euroclear UK & Ireland added: ”On behalf of the Board, we are delighted that Michael is joining the team. We look forward to working with him to further advance our growth strategy. I would also like to thank Chris Elms for his leadership and impressive contributions over the past year as interim CEO.”

About Euroclear UK & Ireland

Euroclear UK & Ireland is part of the Euroclear group which also 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 and Euroclear Sweden.

The Euroclear group settled the equivalent of EUR 837 trillion in securities transactions in 2019, representing 239 million domestic and cross-border transactions and held an average of EUR 30.1 trillion in assets for clients.

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