Euroclear appoints Haswani to lead APAC collateral and digital assets

The Belgium-based post-trade service provider on Thursday appointed Bhavna Haswani as Asia-Pacific head of collateral management and digital assets within its Product, Strategy & Innovation team, Haswani said in a LinkedIn post.

“Asia-Pacific capital markets are entering a transformative new era,” Haswani said in the post. “Rising cross-border investment flows, shifting regulation, growing demand for collateral plumbing, and emergence of digital assets and tokenised markets are reshaping the regional landscape.”

In the new role, Haswani will focus on strengthening market infrastructure partnerships and the cross-border mobility of assets, expanding regional connectivity for international investors and developing collateral solutions spanning traditional and digital asset markets.

Haswani said Euroclear's Collateral Highway infrastructure was positioned to support regional central securities depositories and clients as those markets develop.

The appointment follows Euroclear's re-appointment of finance veteran Eric Lombard as a non-executive director in June, strengthening the post-trade provider's board as it focuses on strategic priorities including Europe's Savings and Investments Union. Lombard previously served on Euroclear's board from 2022 to 2024 and was France's Minister of Economy, Finance and Industrial and Digital Sovereignty from 2024 to 2025.

Euroclear targets APAC collateral connectivity

Her appointment comes as financial market infrastructures increasingly explore how tokenised assets can be integrated with existing collateral and settlement systems.

Haswani said her work will be aligned with Euroclear's EDGE strategy and include developing “next-generation collateral solutions that bridge traditional and digital asset ecosystems”.

She will also work with clients, central banks, market infrastructures, regulators, industry bodies and strategic partners across Asia-Pacific.

The appointment comes as Euroclear prepares for the UK's transition to T+1 securities settlement in October 2027, with the FCA set to use settlement data from Euroclear UK and International to identify firms with poor settlement performance as it increases scrutiny of market readiness.