New CEO at Euroclear

Published: January 5, 2010

Tim Howell, global head of HSBC Securities Services, has been named the new CEO of settlement services group Euroclear.

Before taking his current role at HSBC Securities Services, Howell was group treasurer and head of market risk at the firm.

He has been a board member of Euroclear since 2007, and is currently chairman of its risk committee.

Howell replaces Pierre Francotte, who announced in June 2009 that he would step down after 10 years in the role. Francotte will remain in the role until Howell starts, on a date to be confirmed.