Euroclear SA/NV announces today that Yannic Weber, Chief Executive Officer of Euroclear UK & Ireland, will also become Chief Executive Officer of EMXCo Limited. A wholly owned subsidiary of Euroclear SA/NV, EMXCo provides electronic messaging to automate the flow of investment fund orders.
Mr. Weber will replace Max Wright, EMXCo’s current Chief Executive Officer, as of the new year when Mr. Wright leaves EMXCo. Mr. Weber began his Euroclear career in 1983 and has held progressively senior positions in Euroclear’s custody, new issues and commercial divisions. In 1996, he became a member of the Euroclear management team and was promoted to Managing Director. His most recent position was Head of the Commercial Division, based in Brussels, before moving to London in September 2008 to take up his current responsibility.
Commenting on his additional role, Mr. Weber said: “I welcome the opportunity to work closely with an already strong team at EMXCo and to further the work that Max Wright has accomplished over the years. As one of my top priorities, I aim to deliver a fully automated UK investment fund processing solution, from order routing through to settlement, for both domestic and non-UK fund professionals. With more than 25 years of experience at Euroclear, I also look forward to leveraging more of the benefits of the Euroclear group to EMXCo’s clients and staff.”
Tim May, Chairman of Euroclear UK & Ireland, commented: “Under Max’sm leadership over the past six years, EMXCo has been transformed into a business that delivers beneficial change to the fund industry through automation. We applaud his contributions and thank him for paving the way for EMXCo’s transition to the Euroclear group so that clients can expect even greater benefits in the future as a result of our combined efforts.”
