Euroclear appoints Satvinder Singh to board 23 October 2013London Reporter: Jenna Jones
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Satvinder Singh, Deutsche Bank’s global head of trust and securities services and cash management financial institutions, has been appointed to the board of directors of Euroclear and Euroclear SA/NV.
Singh said: “Euroclear plays an integral role in tackling the challenges the securities services sector is facing. New regulations, ambitious market infrastructure changes like T2S and macro-economic challenges are adding complexity to the business model but this is also a time of great opportunity.”
“I’m excited at the prospect of working with Euroclear and the distinguished members of its board. Despite the challenges we face as an industry, I believe that those with a long term vision and a commitment to exceeding client expectations will continue to flourish.”
Werner Steinmueller, head of Deutsche Bank’s global transaction banking division and member of the group executive committee, added: “Singh’s elevation to the board of Euroclear is not only recognition of his leadership and expertise, but also an acknowledgement of the strength of Deutsche Bank’s franchise and market position.”
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