Euroclear today makes an organisation announcement with changes related to several key people.
Senior Management changes
After a successful 20 year career at Euroclear, Frederic Hannequart has decided to leave the group at the end of June. Frederic was one of the pioneers of collateral management in Europe, and has been instrumental in the growth of Euroclear from an International CSD to its position today as a leading international Financial Market Infrastructure group.
Throughout his career, he has held several positions in Banking, Sales and Product Management, and became Chief Financial Officer and then Chief Business Officer. Frederic leaves a substantial legacy at our company and we wish him well in the future.
In line with our succession planning, Valerie Urbain will join the ESA Management Committee as Chief Business Officer* and will join the Euroclear Boards. Valerie brings to the Management Committee and the Boards significant experience across a wide range of senior management positions in the group.
Peter Sneyers will become the new CEO of Euroclear Bank*. In his current role of ESA Chief Risk Officer, Peter has been instrumental in greatly maturing our Risk Management capabilities across the group over the last few years. His wealth of experience and expertise across different domains – including in both Euroclear Bank Operations and the group Control functions - means that he is the ideal person to lead Euroclear Bank into the next stage of its development.
Paul Hurd will join the ESA Management Committee as Chief Risk Officer*. Paul has successfully modernised and developed our banking functions over the last four years and his wide experience of Treasury, Risk and Capital Management and the banking regulatory environment, developed at GE Capital and Euroclear, will prove invaluable to his new function.
*Appointments effective as from 1 July 2021 subject to prior ‘fit & proper’ confirmation and regulatory approval.
Euroclear group is the financial industry’s trusted provider of post trade services. Euroclear 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 897 trillion in securities transactions in 2020, representing 276 million domestic and cross-border transactions, and held EUR 32.8 trillion in assets for clients by end 2020.
For more information about Euroclear, please visit www.euroclear.com.