Euroclear has announced the appointment of Valérie Urbain as its new Group Chief Executive Officer (CEO). This decision follows the retirement announcement of the current CEO, Lieve Mostrey, who has been at the helm since January 2017.
Client-Centric Leadership and Previous Roles
The Board of Euroclear expressed their gratitude to Mostrey for her significant contributions to the growth of the Group. During her tenure, Euroclear expanded its global presence, enhanced its funds offering through strategic acquisitions, and reinforced its position as a systemic financial market infrastructure.
The successor, Urbain, has been with Euroclear since 1992, and her extensive experience within the organization positions her as a natural choice for the role. Currently serving as the Chief Business Officer, she oversees the commercial and product development of the Group and played a pivotal role in shaping and implementing the business strategy. Notably, Urbain has been recognized for fostering client-centric initiatives, resulting in record levels of client satisfaction and sustained business income growth in 2023.
Urbain's previous roles at Euroclear include serving as the CEO of Euroclear Bank, the Group's International Central Securities Depository, as well as the CEO of the Euroclear ESES Central Securities Depositories, overseeing Euroclear Belgium, Euroclear France, and Euroclear Nederland.
Francesco Vanni d'Archirafi, the Chairman of the Euroclear Group, expressed his gratitude to Mostrey and affirmed the Board's confidence in Urbain. He emphasized Urbain's knowledge of Euroclear and its clients, describing her as a key architect of the current business strategy. The Board believes in her capabilities to lead the company forward and is committed to supporting her and the management team in delivering value for shareholders, clients, employees, and communities.
Euroclear announced today that Valérie Urbain has been selected by the Board as the successor to Lieve Mostrey as its Group Chief Executive Officer (CEO).
— OverviewFX (@OverviewFx) January 15, 2024
Having now received the relevant regulatory approvals, Lieve Mostrey and Valérie Urbain will # #https://t.co/tkFyIYk0vT
Transition Period from Mostrey to Urbain
The transition period between Mostrey and Urbain is set to ensure a smooth handover, culminating in Urbain officially assuming the role of Group CEO after the Euroclear Board member mandates are renewed at the General Meeting on May 3, 2024.
Euroclear, as a capital market infrastructure, provides settlement and custody services for domestic and cross-border securities, including bonds, equities, derivatives, and investment funds. The Group continues to prioritize 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, and the fund platform MFEX.
