New collateral appointment for Euroclear 24 May 2012Brussels Reporter: Georgina Lavers
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Saheed Awan has been appointed head of Euroclear’s collateral management product management team.
Jo Van de Velde, managing director, head of product management at Euroclear, said of Awan’s appointment:
“From our conversations with clients, regulators and other securities professionals, it is clear that collateralised transactions will become a cornerstone in building market stability and re-establishing trust in the years ahead.
“Towards this end, we have decided to bring in a well-respected and seasoned triparty expert. Saheed has many years of market experience, much of which has been dedicated to the collateral management business.”
Most recently a partner at GCMS LLC and DerivaTrust, Awan was also head of the global securities finance product team at Clearstream for 15 years, from 1993 to 2008. He is based in London.
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