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), played a key role in the integration of Euroclear Finland and Euroclear Sweden into the Euroclear group, following the acquisition in October 2008.
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 will pursue other interests.
From the Archives: The Nordic (R)evolution