Assets under custody on the up for Euroclear 21 July 2021UK Reporter: Maddie Saghir
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Euroclear’s H1 2021 results have revealed strong growth in business income and continued investment.
Of the financial highlights, the results showed that key operating metrics remain strong. This is with an increase of 13 per cent year on year with €35.2 trillion in assets under custody.
There was also a record number of netted transactions settled in the Euroclear group of 149 million, which marks an increase of 6 per cent compared to 141 million in H1 2020.
Euroclear’s Collateral Highway, a global market infrastructure to source and mobilise collateral across borders, mobilised a record €1.7 trillion for H1 2021 compared with €1.5 trillion last year.
Further highlights from the report indicated that business drivers remain strong across asset classes leading to business income growth of 13 per cent.
Euroclear says this was driven by business gains, increased volumes, record issuance in fixed income securities and increased equity valuations.
Fund assets under custody were up 24 per cent year on year, to €2.8 trillion, before the inclusion of MFEX financials.
Meanwhile, operating income increased 7 per cent to €777 million compared to €730 in H1 2020.
Commenting on the results, Lieve Mostrey, CEO, says: “I am pleased to report that Euroclear achieved a record business performance in H1 2021. Our consistent strategy has delivered a growing financial performance, despite a business environment that remains uncertain.”
Mostrey adds: “By continuing to invest in our people and technology, we are supporting our clients’ and the broader market’s need for robust infrastructure, across asset classes, as they access our global network of financial market participants.”
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