Euroclear has announced several senior management changes, expected to be implemented in early 2012 once regulatory approval has been obtained.
Luc Vantomme, currently managing director and head of the Banking & Network Management Division, as well as Funds Operations and Client Services, Euroclear Bank, will become chief risk officer of the Euroclear group, based in Brussels. Management responsibility for the Banking & Network Management Division will be divided among other senior Euroclear Bank executives. Previously, Vantomme was an area manager within Euroclears Commercial division before he became head of the Credit department in 2003. Before joining Euroclear in 1993, Vantomme spent six years working as a sales manager for IBM.
Vantomme takes over from John Trundle, who will become CEO of Euroclear UK & Ireland, based in London. Trundle has been chief risk officer of the Euroclear group since joining Euroclear in 2005. Trundle began his career with the Bank of England in 1979 and held several progressively senior positions over the 25 years with the Bank until he joined Euroclear.
Trundle takes over from Yannic Weber, who will become CEO of Euroclear Finland and Euroclear Sweden, based in Stockholm. Weber will continue to serve as CEO of Xtrakter, a Euroclear company. He has been CEO of Euroclear UK & Ireland and Xtraker since 2008 and 2009, respectively. Previously, Weber was managing director and head of Euroclear’s Commercial division in Brussels. He joined Euroclear in 1983 and took on increasingly senior positions in the New Issues, Custody and Commercial divisions. Earlier in his career, Weber was a tax advisor for Touche, Ross & Co.
Weber takes over from Anso Thir, who will become managing director and head of Business Development for the group. Thir has been CEO of Euroclear Sweden and Euroclear Finland, since 2008 and March 2011, respectively. He has been responsible for the integration of Euroclear Finland and Euroclear Sweden into the wider Euroclear group and for the day-to-day operations of the two central securities depositories. Previously, Thir was managing director and head of Euroclears Global Capital Markets division in Brussels. Thir joined Euroclear in 1985 and has taken on progressively senior roles in the Finance, Commercial and Corporate Strategy divisions. Before joining Euroclear, Thir worked as internal audit manager for Kredietbank and, before that, as an external auditor for Touche, Ross & Co.
Vantomme and Trundle are members of the Euroclear Bank Management Committee, while all four appointments are members of the Extended Management Committee of the Euroclear Group.
Commenting on their appointments, Euroclear CEO Tim Howell said: Their new positions will benefit from the experience they have acquired in their current and previous positions, contributing in new ways to the growth and continued relevance of Euroclear to the European and global capital markets. Smooth management changes of this nature also reflect the deep pool of talent we have within the Euroclear group, evolving to meet the changing needs of our clients in a constantly changing environment.
(JDC)