The move allows the £1 billion private bank to fully automate settlement and cash movements for its UK investment funds.
Long-serving innovation head at Euroclear leaves after 15 years at the Belgium-based central securities depositary.
Following deal with Hong Kong Exchange, Euroclear expects more exchanges in Asia, the Americas, and the Middle-East to join its ICSD settlement structure for ETFs.
HKEX has become the first Asian stock exchange to adopt the international central securities depository (ICSD) settlement model in Euroclear Bank.
Euroclear has now become CSDR approved in four countries, including Belgium, Finland, France and the UK.
The Single CSD model currently covers the Euroclear Settlement of Euronext-zone securities (ESES) markets.
The PwC paper outlines by establishing an ICSD link could result in an increase in GDP of $13.4 billion over 10 years.
Euroclear is working with the US investment bank to develop long-term liquidity initiatives and provide options for existing shareholders to sell their stake.
Nine global custodians are in various stages of testing with the MTU, and GlobalCollateral is in the process of engaging with around 40 other regional custodians.
Euroclear processed a record number of settled transactions over the year, equivalent to €791 trillion by value, an increase of 8%.