22 August 2017
Find out more

Euroclear chairman in Finland and Sweden steps down

15 October 2009  |  1385 views  |  0 Source: Euroclear

Kjell Arvidsson, Chairman of Euroclear Finland and Euroclear Sweden, has decided to leave Euroclear in the second quarter of 2010.

Mr. Arvidsson, 57 years old and the former Chief Executive Officer of the Nordic Central Securities Depository (NCSD), has played a key role in the successful and smooth integration of Euroclear Finland and Euroclear Sweden into the Euroclear group, following the acquisition in October 2008. He will pursue other interests.

Mr. Arvidsson stated: "It was always my intention to hand over senior management responsibilities, after a proper transition of executive management, following NCSD joining the Euroclear group. I have overseen the successful merger of the Finnish (APK) and Swedish (VPC) central securities depositories to form NCSD in 2004, and then the process of NCSD becoming part of the Euroclear group of CSDs in 2008/2009."

He continued: "I will leave Euroclear confident that clients will benefit from highly efficient and cost-effective post-trade services, supported by larger pools of liquidity and collateral, as part of the Euroclear group. After a decade as CEO and/or Chairman, I now look ahead to other professional challenges."

Pierre Francotte, Chief Executive Officer of Euroclear SA/NV, commented: "We pay tribute to Kjell's vision and long-standing commitment to build a post-trade infrastructure for clients that will best serve their needs, both domestically and internationally, now and in the future. Under Kjell's leadership, the central securities depositories of Finland and Sweden are among the pioneers of post-trade service providers in Europe, breaking boundaries to deliver innovative and client-focused initiatives to effect real and beneficial change. We wish Kjell continued success, and know that he leaves Euroclear Finland and Euroclear Sweden in strong, professional hands. We thank Kjell for all that he has achieved over the years and for preparing a clear strategy for the future."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comdownload the paper nowvisit www.dorsum.eu

Who is commenting?

A Finextra member Finextra Member Commented on: Real-time payments in...
A Finextra member Finextra Member Commented on: Barclays uses sensors...

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
11684 views comments | 26 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
10056 views comments | 22 tweets | 31 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
9739 views 0 | 5 tweets | 1 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
9452 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
9434 views comments | 10 tweets | 8 linkedin

Featured job

Find your next job