In a leadership transition, Euroclear UK & International has named Chris Elms as its new Chief Executive Officer (CEO). Elms, who previously held the position of interim CEO, brings a wealth of experience and a deep understanding of the company's objectives to his new role.

Chris Elms Takes the Helm as CEO of Euroclear UK & International

Chris Elms brings a wealth of experience to his new role as CEO. He has dedicated nearly three decades to the Euroclear Group and its predecessor, CRESTCo. His professional adventure with both companies has been ongoing since 1996, which means for 28 years.

Throughout his tenure, Elms has held various high-level positions. Notable among these roles were his stints as Head of Internal Audit at CRESTCo and Group Head of Group IT Service Control, where he was instrumental in ensuring the smooth operation of essential IT services across multiple Euroclear entities, including Euroclear Bank, Euroclear UK & International, and the ESES CSDs.

"Chris has demonstrated a deep understanding of the company's goals, objectives, and values while serving as interim CEO,” said Valérie Urbain, the CEO of Euroclear Group. “Together with the Euroclear UK & International management team, he has made significant strides in developing a comprehensive strategy to transform the organization into a more resilient and fully digital UK financial market infrastructure."

Urbain is also a new C-level executive at Euroclear. She was appointed president of the entire Group at the beginning of 2024, following the previous CEO, Lieve Mostrey, deciding to retire. Like Elms, Urbain has been associated with Euroclear for many years, having worked for the company since 1992.

"On behalf of the Board, we are delighted that Chris will be able to embark on this new chapter of transformation and growth driven by the team’s unwavering commitment to market stability and client satisfaction,” added Robert Hingley, the Euroclear UK & International Chairman.

The Euroclear group, comprising Euroclear Bank, Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden, and Euroclear UK & International, offers settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term and custody services for a wide range of domestic and cross-border securities.