Clearstream Banking has a new member on its executive committee. The Luxembourg-based securities depository, which is part of the Deutsche Börse group, has just announced the appointment of Jean-Marc Di Cato.

The native Luxembourger joined Clearstream in June 2022 “to work on a number of strategic projects,” before taking on the role of chief risk officer of Clearstream Holding in early 2023. Prior to this, Di Cato worked for 20 years in the financial sector in a variety of roles. His last position before joining Clearstream was as an associate partner at McKinsey, where he worked for 12 years. He was also a project manager at Banque de Luxembourg and an accountant at Brown Brothers Harriman.

He holds an MBA from New York University and has a background in business and law, having studied in Paris, Brussels and Luxembourg.

His new role gives him responsibility for the supervision and management of operational, financial and commercial risks for Clearstream Banking.

“The creation of a dedicated board function representing risk management illustrates Clearstream’s strong commitment to regulatory scrutiny with a clear focus on controls,” stated Clearstream Banking CEO .

João Amaral, Yannick Goineau, , Denis Schloremberg and Guido Wille make up the rest of the executive committee.

Originally published in French by and translated for Delano