Euroclear appoints Valérie Urbain as CEO
Valérie Urbain will succeed Lieve Mostrey as CEO of Euroclear, the clearing house announced in a press release on Monday.
Urbain's appointment has been approved by regulators but still needs to be confirmed by Euroclear shareholders on 3 May.
Belgium-based Euroclear is the world's largest international securities depository and plays a major role in the international payments system. Since Russia's invasion of Ukraine, the settlement house has been sitting on billions in Russian assets frozen by Western sanctions.
Outgoing CEO Mostrey joined Euroclear in 2010 and became CEO in 2017. She announced her retirement last year, and last week was named Flemish Manager of the Year by Trends magazine.
Urbain joined Euroclear in 1992 and has served as chief people officer, CEO of Euroclear Bank and CEO of Euroclear ESES Central Securities Depositories. Since 2021, she has been chief business officer, overseeing commercial and product development. She is also a member of the management committee.
Urbain has "played a pivotal role in shaping and implementing the business strategy" and has been recognised "for fostering client-centric initiatives, resulting in record levels of client satisfaction and sustained business income growth in 2023", the press release said.
Headquarters of Euroclear in Brussels, Belgium © PHOTO IMAGO