Frank J. LaSalla, managing director of Pershing LLC and chairman and CEO of Pershing LTD, has been appointed to the board of directors of Euroclear plc and Euroclear SA/NV.
LaSalla succeeds Timothy F. Keaney, vice chairman of BNY Mellon and CEO of BNY Mellon Asset Servicing, on the boards.
The Euroclear board is responsible for the overall development of Euroclear’s strategy, as well as the monitoring of its implementation.
“This is a critical time for the European financial services industry, and I’m enthusiastic about the prospects of contributing to the smooth operation of the financial system through the work of Euroclear,” LaSalla says.
At Pershing, LaSalla oversees all of the business activities outside the U.S. for its Global Customers group and leads Pershing’s global growth strategy. He is also responsible for the prime brokers global corporate development.
(CG)