Euroclear today confirms that the necessary regulatory approvals have now been received for Francesco Vanni d’Archirafi’s appointment as Chairman of the Euroclear group boards of directors. Mr Vanni d’Archirafi becomes Chairman of Euroclear SA/NV and Euroclear Holding SA/NV, effective immediately.

Mr Vanni d’Archirafi joins Euroclear from Citigroup where he has been the New York-based Chief Executive Officer of Citi Transaction Services – the global provider of cash management, trade and securities services to multinational corporations, financial institutions and the public sector around the world – and Citi Holdings, where he profitably managed the biggest portfolio of non-core assets and businesses in the industry. Most recently, he was the Vice Chairman of Banking, Capital Markets and Advisory for EMEA based in London.

Mr Vanni d’Archirafi has led many businesses, committees and boards in a global career that spans 38 years at Citi, including that of long-serving Chairman for Citibank Europe plc and Chairman and CEO of Citibank International plc.

He serves on the Boards of Verti Spa and Citibanamex, and was a non-executive director of the LCH Group from 2005 to 2011. He was a longstanding member of the Board of Mapfre International and is the Chairman of Junior Achievement Worldwide as well as trustee of several not-for-profit enterprises in the UK and Europe, including The Felix Project and the Voluntary Solidarity Fund.

He is the Vice Chair of the Advisory Council for The Kogod School of Business at American University and is a member of the International Advisory Board of IESE.