Euroclear sees significant rise in assets under custody in 2021
28 January 2022 Belgium
Image: oatawa
Euroclear has revealed that at year-end 2021 it held assets under custody amounting to €37.6 trillion, a 15 per cent increase compared to the year prior.
The significant increase marks 2021 as a record year for the Belgium-based financial services company.
In its end of year report, Euroclear also highlighted that its operating income increased by 9 per cent, while its transactions volumes were up 7 per cent year-on-year.
Reporting its highlights for 2021, Euroclear outlined that its funds, collateral management and global and emerging market business lines continued to prove attractive to customers, and also noted the progress being made in its exploration of innovative data, digital and environmental, social, and governance services over the course of last year.
Lieve Mostrey, CEO of Euroclear, comments: “2021 represents a significant milestone for the group as we have now exceeded many of the key financial targets that we set out in our five-year plan to 2023, two years ahead of our expectations. I am pleased to say that we are delivering on what we set out to achieve.”
Looking to the future, Mostrey adds: “Given the excellent performance delivered in 2021, management and the board are now focused on strengthening our strategy and will outline new ambitious targets for the years ahead.
“As we look forward, we see opportunities to extend our customer proposition to support the financial industry’s needs for safe and sustainable digital infrastructure. We are excited about what is to come and look forward to updating you on our plans for growth in the second quarter.”
The significant increase marks 2021 as a record year for the Belgium-based financial services company.
In its end of year report, Euroclear also highlighted that its operating income increased by 9 per cent, while its transactions volumes were up 7 per cent year-on-year.
Reporting its highlights for 2021, Euroclear outlined that its funds, collateral management and global and emerging market business lines continued to prove attractive to customers, and also noted the progress being made in its exploration of innovative data, digital and environmental, social, and governance services over the course of last year.
Lieve Mostrey, CEO of Euroclear, comments: “2021 represents a significant milestone for the group as we have now exceeded many of the key financial targets that we set out in our five-year plan to 2023, two years ahead of our expectations. I am pleased to say that we are delivering on what we set out to achieve.”
Looking to the future, Mostrey adds: “Given the excellent performance delivered in 2021, management and the board are now focused on strengthening our strategy and will outline new ambitious targets for the years ahead.
“As we look forward, we see opportunities to extend our customer proposition to support the financial industry’s needs for safe and sustainable digital infrastructure. We are excited about what is to come and look forward to updating you on our plans for growth in the second quarter.”
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