Euroclear has announced the appointment of Valérie Urbain as its incoming Group Chief Executive Officer (CEO), marking a significant transition following the retirement announcement of the current CEO, Lieve Mostrey, who has held the position since January 2017.
The Board of Euroclear expressed their deep appreciation for Mostrey’s instrumental role in driving the growth of the Group during her tenure.
Under her leadership, Euroclear significantly expanded its global footprint, strengthened its funds portfolio through strategic acquisitions, and solidified its position as a vital financial market infrastructure.
Valérie Urbain, the successor to Mostrey, has been a stalwart of Euroclear since 1992, making her a natural choice for the role.
Currently serving as the Chief Business Officer, she has been responsible for overseeing the commercial and product development functions of the Group.
Her visionary leadership has been pivotal in shaping and executing the organization’s business strategy.
Notably, Urbain’s client-centric approach has led to record levels of client satisfaction and sustained revenue growth throughout 2023.
Urbain has an impressive track record within Euroclear, having previously served as the CEO of Euroclear Bank, the Group’s International Central Securities Depository, as well as the CEO of the Euroclear ESES Central Securities Depositories, which includes Euroclear Belgium, Euroclear France, and Euroclear Nederland.
Francesco Vanni d’Archirafi, the Chairman of the Euroclear Group, expressed heartfelt gratitude to Mostrey and reaffirmed the Board’s unwavering confidence in Urbain.
He highlighted Urbain’s deep understanding of Euroclear and its clients, describing her as a key architect of the organization’s current business strategy.
The Board believes in Urbain’s ability to steer the company into the future and is fully committed to supporting her and the management team in delivering value to shareholders, clients, employees, and communities.
The transition period from Mostrey to Urbain has been carefully planned to ensure a seamless handover, with Urbain officially assuming the role of Group CEO following the renewal of Euroclear Board member mandates at the General Meeting on May 3, 2024.
Euroclear, as a vital player in the capital market infrastructure, continues to provide settlement and custody services for domestic and cross-border securities, including bonds, equities, derivatives, and investment funds.
The Group remains dedicated to risk mitigation, automation, and achieving operational efficiency on a global scale to better serve its diverse client base.
The Euroclear Group comprises Euroclear Bank, the International Central Securities Depository, as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden, Euroclear UK & International, and the fund platform MFEX.