Saheed Awan has been appointed head of central securities depository (CSD) Euroclear’s collateral management product management team.
Awan was director and head of global securities financing at rival CSD Clearstream from 1993 to 2008. After that, he worked for two years as a consultant, before joining consultancy Global Collateral Management Services (GCMS) as a partner.
Most recently, he was partner and European head of DerivaTrust, a peer-to-peer financial instrument and OTC derivatives discovery platform.
“Saheed has many years of market experience, much of which has been dedicated to the collateral management business,” said Jo Van de Velde, managing director and head of product management at Euroclear. “We welcome Saheed, who is based in London, and the good work that we are confident he will deliver for our clients.”
Reporting by Christopher Gohlke, Global Custodian, an Asset International publication.