Euroclear Gets New CEO

Euroclear Belgium, Euroclear France and Euroclear Nederland will have a new CEO as of Oct. 6. Valérie Urbain, currently managing director and head of human resources for the Euroclear group, and Pierre Slechten, currently CEO of the three central securities depositories (CSDs) will switch roles. The appointments remain subject to all necessary approvals.

Urbain joined Euroclear's commercial division in 1992 to cover clients in France, Israel, Portugal and Spain after which her responsibility expanded to include more teams of relationship managers covering more markets. Urbain then moved to network management before heading up the product management team at what is now Euroclear UK and Ireland (EUI) and becoming a member of EUI's Executive Committee. Urbain was promoted to managing director, head of human resources for the Euroclear group and a member of the Euroclear Group Management Team in 2005.

Slechten joined Euroclear in 1985 in the new issues department and took on increased managerial responsibilities within various operational departments over the years to become managing director and head of the custody and information services division and a member of the Euroclear group management team in 1996. He also spent four years as head of the product management division until 2006, when he was appointed CEO of Euroclear France. In February 2009, Slechten became the first CEO of the Belgian, Dutch and French CSDs, which are currently served by a single transaction-processing platform known as Euroclear Settlement of Euronext-zone Securities (ESES).

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