EDB sees executive management board reshuffle 18 January 2023Luxembourg Reporter: Lucy Carter
Image: Apex Group
Banking, depositary and custody solutions provider European Depositary Bank (EDB) has appointed managing directors Jean-François Thils (pictured) and Robert Steele as members of its executive management board.
A subsidiary of Apex Group (Apex), EDB holds more than $160 billion of assets under depositary as of September 2022.
Thils and Steele join CEO David Claus and managing director Holger Barth on the board. David Rydderch is stepping down, taking on the role of global head of financial products and managing director of EMEA for Apex. He will be a member of the EDB board of directors.
Thils has more than three decades of experience in the financial industry, joining EDB from BNY Mellon where he was head of EMEA transfer agency technology.
Steele joined EDB in 2022 as head of implementation, after more than 15 years at J.P. Morgan Chase and Co.’s Luxembourg office. He held several senior roles with the company, most recently head of depositary services oversight for Luxembourg.
Claus comments: “We are pleased to welcome Jean-François and Robert to the board and look forward to the strategic guidance they will offer. EDB’s banking and digital capabilities are a powerful differentiator for Apex Group, offering clients all the services they need, delivered locally but available globally and underpinned by scalable technology platforms.
"Jean-François and Robert will help us to strengthen our governance structures and constantly improve client service and experience, including the technology platforms we use to deliver solutions to meet client needs.”
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Image: Apex Group 