Euroclear, the trusted provider of post-trade services in the financial industry, held its 2024 Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) on May 3, 2024, with shareholders supporting all resolutions. The highlight of the AGM was the official appointment of Valérie Urbain as the Chief Executive Officer (CEO) of Euroclear, succeeding Lieve Mostrey.
Francesco Vanni d’Archirafi, Chairman of the Euroclear group, expressed his confidence in Urbain’s ability to lead the company, stating, “Valérie has the right experience and the value creation mindset needed to take Euroclear forward.” He also acknowledged Mostrey’s accomplishments during her tenure as CEO.
Urbain, in her acceptance speech, expressed her excitement at assuming the role of CEO, thanking the Board and shareholders for their trust. She emphasized her commitment to shaping the Euroclear of the future, improving customer service, and driving growth.
Furthermore, the AGM also approved the appointment of three new members to the Euroclear Board, resulting in a total of 14 members. The board composition now includes six independent non-executive directors, five non-executive directors representing major shareholders, and three executive directors. This updated composition is aimed at aligning Euroclear’s governance with its long-term corporate objectives.
Euroclear’s commitment to transparency is evident, with full details of the new Board composition available on the Euroclear website. Additionally, the company has made its 2023 annual reports accessible on its website, providing investors and stakeholders with comprehensive information.
As a leading capital market infrastructure, Euroclear strives to bring safety, efficiency, and connectivity to financial markets, promoting sustainable economic growth. Through its settlement and custody services for domestic and cross-border securities, Euroclear remains dedicated to risk-mitigation, automation, and efficiency on a global scale.
For further information, please contact:
Thomas Churchill – [email protected] – +32 471 63 65 35
Pascal Brabant – [email protected] – +32 475 78 36 62
Euroclear’s announcement of a new CEO and updated Board composition highlights the company’s commitment to maintaining strong leadership and governance practices. Valérie Urbain will take over as the new CEO, succeeding Lieve Mostrey. This appointment comes after Urbain’s extensive experience in the financial industry and her value creation mindset, which is expected to drive Euroclear forward.
One key trend in the current market is the increasing demand for transparency and accountability. Euroclear’s commitment to transparency is evident through its disclosure of the new Board composition on its website. This move aligns with the company’s long-term corporate objectives and demonstrates its dedication to providing comprehensive information for investors and stakeholders.
Another market trend is the growing emphasis on risk-mitigation, automation, and efficiency in global financial markets. Euroclear’s settlement and custody services for both domestic and cross-border securities aim to bring safety, efficiency, and connectivity to the financial markets. These services contribute to risk reduction and promote sustainable economic growth.
Looking ahead, one potential challenge for Euroclear could be the need to adapt to evolving regulatory and technological changes. The financial industry is constantly evolving, and Euroclear will need to stay ahead of these changes to remain competitive.
Despite the potential challenges, there are several advantages associated with Euroclear’s new leadership and updated Board composition. With Urbain at the helm as CEO, Euroclear can benefit from her experience and value-driven mindset, which can contribute to the company’s growth and success.
Moreover, the new Board composition, including a mix of independent non-executive directors, non-executive directors representing major shareholders, and executive directors, aligns with Euroclear’s long-term corporate objectives. This diverse composition brings a range of perspectives to the decision-making process, promoting transparency and accountability.
For more information, including the specific details of the new Board composition and Euroclear’s 2023 annual reports, interested individuals can visit the Euroclear website. The website serves as a valuable resource for investors and stakeholders seeking comprehensive information.
For further information or inquiries, individuals can contact Thomas Churchill at [email protected] or Pascal Brabant at [email protected]
Please note that while I have provided suggestions for adding relevant information and discussing market trends, forecasts, and challenges, it is important to base these discussions on reliable sources and conduct further research to ensure accuracy and up-to-date information.