Euroclear selects Desmedt as CEO of ESES CSDs
02 October 2024 Europe
Image: Euroclear
Euroclear Settlement of Euronext-zone Securities (ESES) central securities depositories (CSDs) have appointed Geert Desmedt as the CEO.
ESES is a collaboration between three European CSDs operating with a single settlement platform — Euroclear Belgium, Euroclear France, and Euroclear Netherlands.
Desmedt brings more than 25 years of experience within Euroclear Group to his new role.
He succeeds Guillaume Eliet who has led ESES since 2021, and will now assume the role of chief risk officer for Euroclear Group.
During his time at the firm, Desmedt has held several senior positions, including head of operational risk, and head of operations and client service, Asia.
Most recently, he served as co-CEO of Mutual Funds Exchange (MFEX), where he helped to integrate the global fund distribution platform into Euroclear FundsPlace after its acquisition in 2021.
Commenting on the appointment, Euroclear says: “Geert’s extensive background within the Euroclear group aligns with the ESES vision of future growth through innovation, operational resilience, and client satisfaction.”
This move follows Euroclear’s recent simplification of its group structure, whereby two out of the four financial holding companies of the Euroclear group — Euroclear AG and Euroclear Investments — were merged into Euroclear Holding, the ultimate parent entity of the Euroclear group.
According to the firm, this simplification of the corporate structure results in a “significant reduction of complexity” both in terms of governance and financial administration, while keeping direct participation in regulated entities at the level of Euroclear.
ESES is a collaboration between three European CSDs operating with a single settlement platform — Euroclear Belgium, Euroclear France, and Euroclear Netherlands.
Desmedt brings more than 25 years of experience within Euroclear Group to his new role.
He succeeds Guillaume Eliet who has led ESES since 2021, and will now assume the role of chief risk officer for Euroclear Group.
During his time at the firm, Desmedt has held several senior positions, including head of operational risk, and head of operations and client service, Asia.
Most recently, he served as co-CEO of Mutual Funds Exchange (MFEX), where he helped to integrate the global fund distribution platform into Euroclear FundsPlace after its acquisition in 2021.
Commenting on the appointment, Euroclear says: “Geert’s extensive background within the Euroclear group aligns with the ESES vision of future growth through innovation, operational resilience, and client satisfaction.”
This move follows Euroclear’s recent simplification of its group structure, whereby two out of the four financial holding companies of the Euroclear group — Euroclear AG and Euroclear Investments — were merged into Euroclear Holding, the ultimate parent entity of the Euroclear group.
According to the firm, this simplification of the corporate structure results in a “significant reduction of complexity” both in terms of governance and financial administration, while keeping direct participation in regulated entities at the level of Euroclear.
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