Xtrakter Announces Leadership Changes

Xtrakter, the fixed income specialist, announced a series of changes to its leadership team which will take effect from January, 2010. Yannic Weber will become the new Chief Executive Officer (CEO) for Xtrakter, replacing Kevin Milne, who will step down

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Xtrakter, the fixed income specialist, announced a series of changes to its leadership team which will take effect from January, 2010. Yannic Weber will become the new Chief Executive Officer (CEO) for Xtrakter, replacing Kevin Milne, who will step down from the role to pursue interests outside the Euroclear group.

In addition Chris Spires will step down as Xtrakters Chief Financial Officer (CFO) and from the organisations leadership team in order to join the Euroclear groups finance division. Weber will continue as CEO of Euroclear UK & Ireland (EUI) and EMXCo, sister companies to Xtrakter within the Euroclear group.

Xtrakter is also pleased to state that it will be recalibrating its leadership team to reflect the following organisational changes: Graeme Austin, Director of Product Management & Marketing, will take on the new role of Chief Analytics Officer. Graeme will work closely to fulfil the organisations vision and will continue to retain marketing responsibilities for the firm going forward. Jason Waight, Head of Product Management at EUI, will join the Xtrakter leadership team and incorporate responsibility for Xtrakters product and service developments into his existing portfolio.

We are very excited to begin this new phase in Xtrakters development as part of the Euroclear group, says Tim May, Xtrakters chairman. Kevin and his leadership team have achieved success in transforming Xtrakter from a market services division within a trade association into a world-class fixed income service provider. We wish Kevin all the best and look forward to delivering more client benefits under the new leadership team.

D.C.

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