Euroclear hires HSBC chief as CEO

Euroclear, Europe’s largest settlement house, has hired HSBC’s head of securities services as its new chief executive officer, to consolidate its position during a period of flux in the post-trade sector.

Tim Howell, currently HSBC's global head of securities services, will replace Euroclear's CEO, Pierre Francotte, who announced his decision to step down last June, after 10 years in the role.

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