André Roelants To Become Chairman Of Clearstream International

Deutsche Börse announced on Wednesday, that the current CEO of Clearstream International André Roelants will become the company's Chairman. In an expanded role, Roelants will focus on client development, strategic marketing, and financial industry relationships and developments. According to Deutsche Börse, the process to select a new CEO has been initiated and should be completed by the third quarter 2004.

Robert Douglass, who has served as Chairman of Clearstream International and its predecessor company, Cedel International, since May 1994 will become Chairman Emeritus and Senior Advisor to Clearstream International.