Euroclear has relocated a senior European sales executive to New York as its new head of the Americas.
Miguel Ferreira will head up the business in the US, after leading sales and relationship management in the UK, Ireland, Middle East, Russia and Japanese clients in Europe for nearly 10 years.
Prior to his relocation, the US business for Euroclear was run out of London.
Global Custodian understands the promotion marks a new strategic focus for Euroclear to drive business opportunities with financial institutions in the Americas region.
It currently runs a joint venture with the DTCC called GlobalCollateral, a trans-Atlantic collateral management partnership, and most recently it was authorised by the US Federal Reserve to offer US dollars in a central bank payment model.
Intercontinental Exchange, owner of the New York Stock Exchange, also increased its stake in Euroclear from 4.7% to 10% last year.