Euroclear has appointed Francesco Vanni d’Archirafi as chairman of the Euroclear group boards, subject to shareholder approval at the company’s general meeting of shareholders on 1 July 2021.
d’Archirafi will join the boards of Euroclear Holding and Euroclear SA/NV as a non-executive director.
He joins Euroclear from Citigroup where he has been the New York-based CEO of Citi Transaction Services and Citi Holdings, where he managed the biggest portfolio of non-core assets and businesses in the industry.
Most recently, he was the vice chairman of banking, capital markets and advisory for Europe, the Middle East and Africa (EMEA), based in London.
During his career, d’Archirafi has led many businesses, committees and boards in a global career that spans 38 years at Citi, including chairman for Citibank Europe and chairman and CEO of Citibank International.
He serves on the boards of Verti Spa and Citibanamex, and was a non-executive director of the LCH Group from 2005 to 2011, and he was also a longstanding member of the board of Mapfre International.
In addition, d’Archirafi is the vice chair of the advisory council for The Kogod School of Business at American University and is a member of the international advisory board of IESE.
Meanwhile, the general meeting of shareholders is expected to approve proposed reforms that will further strengthen Euroclear’s corporate governance, including the alignment of membership of the two boards.
A period of transition will follow the general meeting in order to ensure a smooth handover, Euroclear explains.
During this transition period, Harold Finders and Franco Passacantando will continue to perform their duties as interim chairs of the Euroclear Holding and Euroclear SA/NV boards, respectively.
Commenting on the announcement, d’Archirafi says: “It is a great honour to be asked to lead the boards of the Euroclear group. The role of resilient, robust, efficient and reliable digital financial market infrastructure has never been more important to enable the trusted operation and continued innovation of the capital markets and the global economy.”
“I look forward to working with shareholders, board members, Lieve Mostrey and the Euroclear management team to continue enhancing the value that Euroclear brings to clients, stakeholders across the post-trade ecosystem and society.”
Lieve Mostrey, Euroclear group CEO, adds: “We are very pleased to welcome Francesco Vanni d’Archirafi to the Euroclear group. On behalf of all the Euroclear teams, we look forward to working with him closely in the next phase of Euroclear’s journey.”
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