The chief executive officer at EuroCCP is to step down from her position after 10 years to become a senior advisor for the clearing house.
A note to clients revealed Diana Chan will remain CEO until 1 July next year and she will then advise the chairman of the supervisory board at EuroCCP.
“In her future new role… [Chan] will assist the chairman on strategic initiatives and represent EuroCCP in its engagement with industry leaders and regulators at the most senior levels,” the note said.
Chan was first appointed CEO of the firm in 2007 and successfully oversaw the merger between EuroCCP Ltd and EMCF in 2013, leading to the creation of EuroCCP N.V. as a pan-European equities central counter party clearing house.
During her time with EuroCCP the firm gained access to trade feeds of the London Stock Exchange, SIX Swiss Exchange and Euronext, which saw its access to equities trade flows in Europe reach 80%.
EuroCCP added the search for its new CEO has already begun and clients will be advised on the new appointment in due course.
“The supervisory board of EuroCCP believes that this considered leadership succession plan will underscore the stability of EuroCCP as the company enters its second decade and a new era in equities clearing,” the note concluded.