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Euroclear appoints Deutsche’s Singh to board
23 October 2013
Joins the boards of directors which oversee development of Euroclear’s strategy
Deutsche Bank’s Satvinder Singh has been
appointed to Euroclear’s boards of directors.
He is global head of Trust & Securities Services and
Cash Management Financial Institutions at Deutsche Bank.
The board is responsible for the overall development of
Euroclear's strategy, as well as the monitoring of its
"Euroclear plays an integral role in tackling the challenges
the securities services sector is facing today. New
regulations, ambitious market infrastructure changes like
Target2-Securities and macro-economic challenges are adding
complexity to the business model but this is also a time of
great opportunity," said Singh.
Despite the challenges we face as an industry, I believe that
those with a long term vision and a commitment to exceeding
client expectations will continue to flourish," he added.
Werner Steinmueller, head of Deutsche Bank’s
Global Transaction Banking division and Member of the Group
Executive Committee, said: "Satvinder’s elevation
to the Boards of Euroclear is not only recognition of his
leadership and expertise, but also an acknowledgement of the
strength of Deutsche Bank’s franchise and market
Singh has worked at Deutsche since November 2011. He joined
from Citibank where he was head of direct custody and clearing
for the Emea region. He holds more than 20 years of experience
in the securities business.