Euroclear welcomes Karim Ben Rais to its Single Platform management team
Prior to joining Euroclear, Karim Ben Rais worked internationally as an independent consultant. Until the end of 2007, he was Managing Partner of Accenture Insurance Services, where he was responsible for all technical and operational services for the Accenture unit and more than 2,000 staff located in on- and offshore locations. At the start of his career in 1987, Mr. Ben Rais joined Accenture (previously Andersen Consulting) where he spent more than twenty years working on cost reduction, operational performance improvement, supply chain and IT transformation programmes, as well as offshore arrangements. As a French citizen, Karim Ben Rais is a graduate of the Ecole Nationale Supérieure des Techniques Avancées (ENSTA).
At Euroclear, Mr. Ben Rais will be responsible for Euroclear's Single Platform Modules division. Anne Swaelus, Managing Director, will continue to head up the Single Platform Custody & Common Communication Interface Programmes division, as will Jan Colaes, Managing Director, who heads up Euroclear's Application Services & Project Delivery division and Managing Director Michael Shipton, leading Euroclear's Project Delivery Services and Corporate Technology divisions.
Commenting on Karim Ben Rais' appointment, Ignace R. Combes, Deputy Chief Executive Officer of Euroclear SA/NV, said: "We are delighted to welcome Karim. His 22year career, much of it at Accenture/Andersen Consulting, provides the level of excellence we are seeking to deliver the benefits of our Single Platform programme. His experience in the financial services field, particularly in managing large on- and offshore IT projects, will complement the depth of IT experience Euroclear already has today.
We look forward to sharing his knowledge in furthering our corporate goals."
About Euroclear UK & Ireland
settlement and related services for bond, equity, derivatives and fund transactions. User owned and user governed, the Euroclear group includes Euroclear Bank, based in Brussels, as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden and Euroclear UK & Ireland. Euroclear also owns EMXCo, a leading UK provider of investmentfund order routing, and Xtrakter, owner of the TRAX trade matching and reporting system.
The Euroclear group settled the equivalent of EUR 514 trillion in securities transactions in 2009, representing 180 million domestic and crossborder transactions, and held more than EUR 20 trillion in assets for clients.
Euroclear Bank is rated AA+ by Standard & Poor's and Fitch Ratings.