The asset and securities services provider Euroclear announced that Valérie Urbain will assume the role of group chief executive officer, succeeding Lieve Mostrey, following approval from the relevant regulatory authorities.

Mostrey, who has held the position of group CEO at Euroclear since January 2017, will oversee a smooth transition along with Urbain until the Euroclear board member mandates are renewed at the upcoming general meeting scheduled for 3 May 2024, stated the company in a press release on Monday 15 January.

Mostrey’s retirement as CEO of Euroclear was announced in July 2023, capping off her seven-year tenure. She initially joined Euroclear in October 2010, serving as executive director and chief technology and services officer. Her extensive experience also included a previous role as a member of the executive committee at BNP Paribas Fortis.

Urbain, on the other hand, has a long-standing history with Euroclear, having joined the organisation in 1992. She currently holds the position of executive director and is a member of the Euroclear group management committee. Since 2021, Urbain has been serving as chief business officer, overseeing the commercial and product development aspects of the group.

Prior to her role as chief business officer, Urbain served as the CEO of Euroclear Bank, which functions as the group’s international central securities depository. Urbain has held various other positions within Euroclear, including that of chief people officer.