About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Euroclear Poaches HSBC’s Howell to Replace Exiting CEO Francotte

Subscribe to our newsletter

Following the reshuffle at its subsidiary Xtrakter last month and the impending departure of its incumbent CEO Pierre Francotte, clearing and settlement services giant Euroclear is set for more change and has announced that HSBC’s Tim Howell will be taking the top slot in the near future. Francotte, who has been at the helm of the international central securities depositary (ICSD) for the last 10 years, will work with Howell over the next few months as he settles into his new role.

Howell is currently the global head of HSBC securities services, where he is responsible for HSBC’s custody, fund administration and corporate trust business. He is well versed in the world of the ICSD and has been a member of the Euroclear board since 2007 and is chairman of its risk committee. Given the intense focus on risk management and mitigation in the current market, the experience of the latter should prove invaluable for his role to come.

Francotte will therefore remain in his current position for the next few months to ensure a smooth transition and a date has not yet been set for when Howell will assume the reins on his own.

According to Euroclear chairman Nigel Wicks, the decision to appoint Howell was unanimous: “His experience in managing a successful financial business operating in a number of countries will be of great value to Euroclear in the years ahead.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: MiFID II: Data for best execution

Markets in Financial Instruments Directive II (MiFID II) strengthens the best execution requirement embedded in MiFID by expanding disclosure. Among the directive’s requirements are provisions to ensure investment firms provide appropriate information to clients on their order execution policy and publish a list of the top five execution venues used in the previous year for...

BLOG

SmartStream Chief Jaffer Sees Rapid Change in Year at Helm

Just over a year into his tenure as chief executive of financial data automation provider SmartStream, Akber Jaffer finds himself surveying a data industry that’s changed enormously over his short time at the UK-based company. Chat GPT was a year old when he took on his new role and the artificial intelligence (AI) technology’s revolutionary...

EVENT

AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

Directory of MiFID II Electronic Trading Venues 2018

The inaugural edition of A-Team Group’s Directory of MiFID II Electronic Trading Venues 2018 offers a guide to the European landscape resulting from new market structure introduced by the January 3, 2018 implementation of Markets in Financial Instruments Directive II (MiFID II). The directory provides detailed profiles of more than 70 venue operators and their...