Euroclear Shuffles Senior Management Posts

The current chief executive officer of Euroclear France, Jol Mrre, will become executive director in charge of International Public Policy, reporting to Pierre Francotte, chief executive officer of Euroclear SA NV policy. Mrre will continue in his role as a

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The current chief executive officer of Euroclear France, Jol Mrre, will become executive director in charge of International Public Policy, reporting to Pierre Francotte, chief executive officer of Euroclear SA/NV policy.

Mrre 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. 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 Slechten as managing director and head of product management.

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

“Euroclear places great importance on its contribution to the creation of a single capital market in Europe, specifically in the context of securities settlement,” said Pierre Francotte, CEO of Euroclear SA/NV and chairman of Euroclear’s board in France. “Jol Mrre, 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.”

“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,” Francotte added. “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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