Euroclear, the Brussels-based ICSD, has reshuffled its senior management following the decision of Martine Dinne, Chief Executive Officer (CEO) of Euroclear Bank and a member of the Management Committee of Euroclear SA/NV, to retire in June this year.
Euroclear CEO Pierre Francotte praised Dinne for her “incomparable contribution to Euroclear and the securities industry at large. Our lives are richer for having worked with her, while the industry will be poorer for losing a professional who has given so much. We wish her continued good health and years of enjoyment after leaving Euroclear.”
The departure of Dinne has prompted changes elsewhere in the senior management of Euroclear.
Euroclear’s new Chief Financial Officer, who will also join the powerful Management Committee of Euroclear SA/NV, will be André Rolland. He joins Euroclear from Caisse d’Epargne in Paris, where he was Chief Risk Officer. Rolland’s 33-year career includes roles in financial, asset and liability management, treasury and risk management in companies such as JPMorgan, Indosuez, and Arthur Andersen as well as Caisse d’Epargne.
“We warmly welcome André as a strong member of the team and look forward to sharing the wealth of experience that he will bring to help us achieve our business goals,” says Francotte.
Rolland replaces Frédéric Hannequart as Chief Financial Officer of Euroclear SA/NV and Euroclear Bank. Hannequart takes on new oversight responsibilities for the Commercial and Product Management divisions, replacing Martine Dinne in this capacity. He will also become Chairman of the Euroclear Bank Board of Directors, replacing Pierre Francotte, and remains a member of the Management Committee of Euroclear SA/NV. Pierre Francotte continues in his role as Chief Executive Officer and Chairman of the Management Committee of Euroclear SA/NV.
Yves Poullet becomes Chief Executive Officer of Euroclear Bank in place of Dinne. He is currently Chief Operating Officer of Euroclear Bank. Having joined Euroclear in 1991, Poullet has held a variety of senior positions in the finance, risk management, corporate strategy, product management and operations divisions, and served as Deputy General Manager of Euroclear France in Paris in 2001 and 2002.
Yannic Weber, Managing Director and head of the Commercial Division, will join the Euroclear Bank Management Committee – to “ensure management continuity, particularly for client-related issues,” explains Euroclear – while retaining his divisional responsibilities.
“In preparation for Martine Dinne’s departure, we are making an orderly transition of responsibilities that will ensure the continued delivery of client-focused, efficient and low-cost securities services,” says Francotte. “There is an unparalleled pool of talent and experience within the Euroclear group, which helps to manage the transition smoothly while remaining open to strengthen ourselves further with external market talent.”