After a successful 20 year career at Euroclear, Frederic Hannequart has decided to leave the group at the end of June.

Mr Hannequart was one of the pioneers of collateral management in Europe, and has been instrumental in the growth of Euroclear from an International CSD to its position today as a leading international Financial Market Infrastructure group.

Throughout his career, he has held several positions in Banking, Sales and Product Management, and became Chief Financial Officer and then Chief Business Officer.

Frederic Hannequart holds a Master’s degree in Law from the Katholieke Universiteit Leuven (Belgium), a Master’s degree in Economics from the Université Catholique de Louvain (Belgium), and an MBA from Cornell University (USA).

Also today, Euroclear announces that Valerie Urbain will join the ESA Management Committee as Chief Business Officer and will join the Euroclear Boards. Valerie Urbain brings to the Management Committee and the Boards significant experience across a wide range of senior management positions in the group.

Peter Sneyers will become the new CEO of Euroclear Bank. In his current role of ESA Chief Risk His wealth of experience and expertise across different domains – including in both Euroclear Bank Operations and the group Control functions – makes him the ideal person to lead Euroclear Bank into the next stage of its development.

In addition, Paul Hurd will join the ESA Management Committee as Chief Risk Officer. Paul Hurd has successfully modernised and developed Euroclear’s banking functions over the last four years and his wide experience of Treasury, Risk and Capital Management and the banking regulatory environment, developed at GE Capital and Euroclear, is seen as key to his new function.