Euroclear, the European equity and bond clearing house, is to reshuffle its board following the arrival of BNP Paribas Fortis’s Lieve Mostrey as chief technology and services officer on October 1.
Tim May, chief administrative officer and UK chairman, looks
likely to leave. His duties have been reallocated, reducing the
number of board members to five. It was proposed at the board
meeting at the end of September that May leave Euroclear with
effect from October 31.
Frédéric Hannequart will now be UK, Finland
and Sweden chair. Bernard Frenay, head of the Euroclear
Financial Division, will replace May as chairman of