Euroclear UK and Ireland appoints interim CEO

Euroclear has named the chief compliance officer of its joint venture with DTCC as interim CEO.

By Jonathan Watkins

Euroclear has named an interim CEO for UK & Ireland with long-serving chief John Trundle set to retire.

Christopher Elms, who had spent three years as chief risk and compliance officer for the DTCC-Euroclear GlobalCollateral project, will assume the role as the search for Trundle’s replacement is finalised.

Elms has spent over 20 years with the central securities depository in a range of roles including ground head of service control, head of IT production services UK and head of internal audit.

“Mr Elms, along with the leadership team, will ensure that Euroclear UK & Ireland progresses its strategic priorities while the search for a permanent replacement is finalised,” the firm said in a statement.

Trundle leaves Euroclear after 14 years, with over seven of them occurring during his time as CEO of UK and Ireland. One of his most noteworthy goals was the implementation of the T+2 settlement cycle in the UK and Irish capital markets.

Prior to Euroclear he worked at the Bank of England for 13 years where he was head of oversight of market infrastructures.

“I would like to thank John for his leadership and all that he has accomplished as CEO of Euroclear UK & Ireland,” said Euroclear Group CEO, Lieve Mostrey. “He has steered the company through many market and regulatory changes as well as making great strategic and operational progress during his tenure. We wish him all the best in his future endeavours.”