Michel Stuijt comes from a position as General Manager - Market Management at Equens and is well known within the payments arena, with more than 25 years of corporate banking and payment experience.

Sylvie Solignac, Eurogiro Board Chairman, said "Eurogiro will be well looked after with Michel Stuijt at the helm. Michel has the personality and the expertise from banking, payments and IT which Eurogiro needs to expand its reach and services".

"Trend-setting processing standards and settlement arrangements, plus a unique mix of member organisations and payment experts" says Michel Stuijt "is how Eurogiro has forged new roads in the past and I am keen to lead Eurogiro in taking this strategy to a new level, in close cooperation with members, partners and the Eurogiro team".

Eurogiro embraces financial institutions of many kinds as members of its network - posts, small and large banks, post banks, other payments service providers and mobile operators. This diverse membership is unique to Eurogiro and allows members access to the largest branch network in the world.

Members use Eurogiro to provide all methods of payment product to their clients, be it cash payments or account-to-account transfers, initiated from any channel which the client prefers. Many transactions are pensions and workers' remittances. Members share a strategy of creating a competitive advantage by insisting on cost efficiency, transparency and fairness in their payment services.

Eurogiro celebrates its 20th anniversary in 2013. Today, Eurogiro's focus is to continue its global expansion and retain a high level of satisfaction amongst all of its members.