Following the arrival of Lieve Mostrey from BNP Paribas Fortis on 1 October as Chief Technology and Services Officer and a member of the Euroclear Management Committee, the allocation of responsibilities among Euroclear Management Committee members has been reviewed.
The duties of Chief Administrative Officer, currently performed by Tim May, will be re-allocated, thereby reducing the number of Management Committee members to five. It will be proposed at the next Euroclear Board meeting at the end of September that Tim May leave Euroclear with effect from 31 October 2010.
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