Tim Howell to Head Up Euroclear
Tim Howell is to become chief executive officer (CEO) of Euroclear. He replaces Pierre Francotte, who is stepping down after ten years in the role. Howell is currently the global head of HSBC Securities Services, where he is responsible for the custody, fund administration and corporate trust businesses of the HSBC Group. Previously, he was group treasurer, responsible for asset and liability management, and head of market risk. He is a chartered accountant, who qualified with Arthur Andersen.
Howell has been a board member of Euroclear since 2007 and is also the current chairman of the board’s risk committee. Sir Nigel Wicks, Euroclear chairman, said: “After a thorough and comprehensive search to identify the candidate best suited to serve as Euroclear’s new CEO, the board is unanimous in its decision to choose Tim Howell. Tim’s broad experience in the financial markets provides the right qualifications to carry the Euroclear group forward. 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. The Board is confident that he will provide the leadership for Euroclear to meet the challenges and opportunities across the global capital markets at this time of rapid change.”