DTCC-Euroclear names new CEO and board member 19 December 2017Brussels Reporter: Zsuzsa Szabo
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DTCC-Euroclear GlobalCollateral has named Olivier Grimonpont (pictured) as CEO and Murray Pozmanter as a board member.
Grimonpont will take the role of CEO of the joint venture between Euroclear and the Depository Trust & Clearing Corporation (DTCC) from 1 January 2018. He will also maintain his role as Euroclear group’s global head of collateral management.
Grimonpont succeeds Michael Shipton, who is to down at the end of the year. Shipton will remain on the board in a non-executive capacity.
Murray Pozmanter, managing director and head of clearing agency services and global operations at DTCC, will also become a board member.
Both appointments are subject to regulatory approval.
Jo Van de Velde, executive director of DTCC-Euroclear GlobalCollateral, said: “I would like to take this opportunity to thank Michael Shipton for everything he has contributed to GlobalCollateral since its inception three years ago. [He] has displayed exceptional leadership and an unquestionable commitment to the joint venture’s success."
Mark Jennis, executive chairman of DTCC-Euroclear GlobalCollateral, added: “Olivier Grimonpont and Murray Pozmanter bring a wealth of collateral management knowledge and expertise to the joint venture, and we look forward to working with them in the coming months and years as we transform the collateral and margin management infrastructure across the industry.”
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