New Executive Committee structure and senior leadership appointments

Brussels, 19 July 2024 – Euroclear is pleased to announce a redesign of the structure and composition of its top management team – known as the Executive Committee - and several new appointments which aim to accelerate the execution of its business strategy.  This follows Valérie Urbain’s appointment as Chief Executive Officer in May 2024.

The new Executive Committee composed of eight members will ensure that all the group’s constituents are represented in all key strategic decisions and have a stronger focus on business operations, people, and clients – both Europe and Internationally.

The Executive Committee, which is chaired by the group Chief Executive Officer, is composed of the following roles: Chief Executive Officer, Chief Financial Officer, Chief Risk Officer, Chief Business Officer, Chief Information Officer, Chief People and Communications Officer, Chief Executive Officer of Euroclear Bank, and a newly created position of Chief Executive Officer of European Markets.

As recently announced, Sébastien Danloy will join this renewed Executive Committee in mid-September as Euroclear’s new Chief Business Officer (appointment subject to regulatory approval) to lead the business initiatives. Joining Euroclear from BNP Paribas Securities Services, Sébastien brings over 25 years’ experience within the banking, asset management and securities services industry.

Peter Sneyers joins the Executive Committee of the group in his role as the Chief Executive Officer of Euroclear Bank, the group’s largest operating entity. Peter has already been leading Euroclear Bank since 2021, having previously held numerous positions at Euroclear, including as Chief Risk Officer and Chief Auditor.

The creation of the new Chief Executive Officer of European Markets demonstrates Euroclear’s commitment to enabling European strategic autonomy and capital markets union. Euroclear is delighted to confirm the appointment of Bernard Frenay, who is currently the group Chief Financial Officer.

Bernard will focus on modernising and enhancing the client offering across Euroclear’s European assets, including its domestic Central Securities Depositories. He will also oversee the group Sustainability Office. Bernard will begin the new function once a new Chief Financial Officer has been appointed, and after the necessary regulatory approvals are obtained for both positions.

People and Technology are the key enablers of the business strategy. Daniel Miseur, the group Chief People & Communications Officer, has been promoted to the Executive Committee where Michal Paprocki, the group Chief Information Officer, is already a member of the Executive Committee.

With a background in employment law and vast international experience, Daniel joined Euroclear as Chief People Officer in 2011, having previously held several HR positions at Pitney Bowes and Johnson & Johnson. 

Euroclear is pleased to announce the appointment of Guillaume Eliet as successor to Paul Hurd in the role of group Chief Risk Officer. This transition comes after Paul expressed his intention to retire and leave Euroclear last year.

Given the critical nature of the role, there is a very comprehensive and thorough regulatory process. The necessary regulatory approvals have now been received for Guillaume and we envision completing the transition period by the end of October 2024.

Euroclear would like to thank Paul for his contribution to the company over the past seven years. Paul will remain on the Boards of both MFEX and Goji in a non-Executive capacity representing Euroclear as a shareholder.

Guillaume joined Euroclear in 2017 as the Head of Regulatory, Compliance & Public Affairs, before taking the reins as CEO of Euroclear ESES CSDs in 2021. As CEO of ESES, Guillaume has successfully navigated an increasingly competitive environment to deliver a strong business performance with assets under custody reaching a record high. Prior to joining Euroclear, Guillaume worked at the French Stock Market Authority, the Autorité des Marchés Financiers, where he was Deputy Managing Director.

A successor as CEO of ESES has been identified to replace Guillaume and is currently going through the regulatory approval process. We will provide an update in due course.

Euroclear group is the financial industry’s trusted provider of post trade services. Guided by its purpose, Euroclear innovates to bring safety, efficiency and connections to financial markets for sustainable economic growth. Euroclear provides settlement and custody of domestic and cross-border securities for bonds, equities and derivatives and investment funds. As a proven, resilient capital market infrastructure, Euroclear is 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, Euroclear UK & International.