MFEX management changes

Brussels, 7 October 2021 – Euroclear today makes an organisation announcement with changes related to MFEX

Having led the business over the last few intense months Jean Devambez has stepped down as CEO of the MFEX group, effective immediately. Brigitte Daurelle is appointed CEO of MFEX, with Carl Palmer appointed as Deputy CEO*. Brigitte Daurelle continues to lead the integration of MFEX, supported by both Euroclear and MFEX management teams, as we extend our partnership for growth in the funds business.   

* Appointments effective as from 7 October 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 and custody 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 comprises Euroclear Bank, the International CSD, as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden and Euroclear UK & International. 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.

As independent experts in global fund distribution, MFEX offers a complete solution for fund companies and distributors. The MFEX Group was established in Sweden in 1999 and is headquartered in Stockholm with offices in Paris, Luxembourg, London, Geneva, Kuala Lumpur, Milan, Madrid, Umea, Hong Kong, Singapore and Zürich. The main supervisory authority is the Swedish Financial Supervisory Authority (Finansinspektionen).

Today, MFEX is a pan-European leader with a global presence active in 52 countries on 5 continents with more than 300 employees. The company is divided into four main business areas: Trading and custody, Distribution agreement and rebate collection, Data and fund information and Due Diligence / AML & KYC (Global Fund Watch). In September 2021, MFEX became a part of the Euroclear group - one of the world’s largest providers of domestic and cross-border settlement and related services for bond, equity, ETF and mutual fund transactions.

More information is available at www.mfex.com