The United Kingdom & Ireland subsidiary of financial services company Euroclear has appointed Michael Carty as its chief executive officer.
Announced on Friday, Carty will replace Christopher Elms, who is heading the company as its interim CEO for the past 10 months.
Carty spent almost 13 years of his career at Euroclear and is currently the CEO of Euroclear Sweden for almost the last five years. There he helped the company to successfully achieve its CSDR license while strengthening its client proposition in a number of key business lines, such as its fund offerings.
Before taking the apex position of the Swedish subsidiary, he was the chief information and operating officer at the same.
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In the 27 years of his career, he also held positions at STEEL24-7, Scient, CTP, and Cambridge Technology Partners.
“I am very pleased to welcome Michael Carty to his new role to lead Euroclear UK & Ireland in the next chapter of its journey. He has successfully led Euroclear Sweden over the past years, and leaves a strong business with an attractive service offering to clients across both the Nordic and European financial markets,” Lieve Mostrey, Euroclear Group CEO, said.
A shuffle in the management
While Carty is taking the new role, his position at Euroclear Sweden will be filed by Annelie Lindahl on an interim basis, tasked with the company’s strategic priorities. Lindahl is currently the chief operating officer at Euroclear Sweden.
“On behalf of the Board, we are delighted that Michael is joining the team. We look forward to working with him to further advance our growth strategy. I would also like to thank Chris Elms for his leadership and impressive contributions over the past year as interim CEO,” Robert Hingley Chairman, Euroclear UK & Ireland, added.