Euroclear Group Taps Francesco Vanni d’Archirafi as Chairman of the Boards

Euroclear, a Belgium-based securities clearing firm, has appointed Francesco Vanni d’Archirafi as the new Chairman of the Euroclear group’s boards. However, according to the announcement, the naming of the executive is still subject to the approval of the shareholders at the General Meeting set for July 1, 2021.

Vanni d’Archirafi comes from an extensive background within the financial industry, recently working as the Chief Executive Officer of Citi Transaction Services. He was also the Vice Chairman of Banking, Capital Markets, and Advisory for EMEA based in London.

Bank Account Alternative. Business Account IBAN.

“It is a great honor to be asked to lead the boards of the Euroclear group. The role of resilient, robust, efficient, and reliable digital financial market infrastructure has never been more important to enable the trusted operation and continued innovation of the capital markets and the global economy. I look forward to working with shareholders, board members, Lieve Mostrey, and the Euroclear management team to continue enhancing the value that Euroclear brings to clients, stakeholders across the post-trade ecosystem and society,” the new Euroclear group board’s Chairman commented.

Transition Period

Furthermore, Vanni d’Archirafi is set to join Euroclear Holding and Euroclear SA/NV boards as a non-executive director. His appointment comes to fill the group’s target to strengthen both boards’ governance on a corporate basis. Also, the company stated that Harold Finders and Franco Passacantando would remain as interim Chairs during the transition period once Vanni d’Archirafi’s gets the green light from the shareholders.

“We are very pleased to welcome Francesco Vanni d’Archirafi to the Euroclear group. On behalf of all the Euroclear teams, we look forward to working with him closely in the next phase of Euroclear’s journey,” Lieve Mostrey, Euroclear Group’s Chief Executive Officer, said.

At the end of May, Finance Magnates reported that Euroclear Sweden tapped Jörgen Olofsson as its new Chief Information Officer.

Source: Read Full Article