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Euroclear shuffles senior management team

22 November 2005  |  3997 views  |  0 Source: Euroclear

The current Chief Executive Officer of Euroclear France, Joël Mérère, is to become Executive Director in charge of International Public Policy, reporting to Pierre Francotte, Chief Executive Officer of Euroclear SA/NV.

This will allow Mr Mérère to devote more of his attention to Euroclear group issues in the area of public policy. Mr Mérère will continue in his role as a member of the Euroclear Executive Committee. He will also become Vice Chairman of the Euroclear France Board of Directors and retain a close relationship with the French marketplace.

Pierre Slechten, currently Managing Director and head of the Product Management Division at Euroclear SA/NV, will become the new Chief Executive Officer of Euroclear France. He is already a Euroclear France Board member.

Pierre Yves Goemans, currently Director of Marketing and Sales Support in Euroclear's Commercial Division, will replace Mr Slechten as Managing Director and head of Product Management.

These senior management changes will take effect on 1 March 2006.

Commenting on the changes, Pierre Francotte, Chief Executive Officer of Euroclear SA/NV and Chairman of the Board of Euroclear France, said: "Euroclear places great importance on its contribution to the creation of a single capital market in Europe, specifically in the context of securities settlement. Joël Mérère, who already plays an active role in Euroclear's public affairs activities and in various settlement-industry associations, will lead the group's accelerated efforts in this domain, further leveraging our industry leadership and experience."

He continued: "We are equally confident that Pierre Slechten, who is frequently in Paris for product management and Euronext-zone platform-consolidation purposes, will further strengthen Euroclear France's ability to meet the needs of the French marketplace. We also welcome the broad senior executive experience that Pierre Yves Goemans brings to the Euroclear group, which has already been evidenced during his short time with us."

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