New Jersey
18 October 2012
Reporter: Jenna Jones
Securities Lending default image
Euroclear adds Frank LaSalla to board of directors
Chairman and CEO of Pershing and a member of BNY Mellon's operating committee, Frank LaSalla, has been named to the board of directors of both Euroclear and Euroclear SA/NV.

The Euroclear board is responsible for the overall development of Euroclear’s strategy, as well as the monitoring of its implementation.

LaSalla succeeds Timothy Keaney, vice chairman of BNY Mellon and CEO BNY Mellon asset servicing. In addition LaSalla has also been appointed to the Euroclear board’s remuneration committee.

"Euroclear plays an important role in facilitating financial transactions for our customers, and I know Frank will continue in our mission to make the process efficient and accurate for the industry," said Tim Kearney.

Commenting on the news, LaSalla said: "This is a critical time for the European financial services industry, and I'm enthusiastic about the prospects of contributing to the smooth operation of the financial system through the work of Euroclear."

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Northern Trust has reported a 16 percent rise in assets under custody in Q2 2017.
Standard Chartered builds on securities services team
25 July 2017 | Singapore | Reporter: Jenna Lomax
Standard Chartered has appointed Ryan Cuthbertson as head of product management, custody and clearing, securities services and transaction banking
UniCredit embarks on test phase for European instant payments
25 July 2017 | Milan | Reporter: Stephanie Palmer
UniCredit has started testing EBA Clearing’s instant payment solution RT1, in preparation to roll out instant payments multinationally
Eagle Fund Accounting Solution to be used by Desjardins
24 July 2017 | | Reporter: Jenna Lomax
Desjardins Asset Management, part of Desjardins Group, previously signed with Eagle Accounting for its asset management in 2011
Clearstream gains Edmond de Rothschild as Vestima client
24 July 2017 | Switzerland | Reporter: Jenna Lomax
Vestima, Clearstream’s fund process programme, will assist Rothschild by processing its assets in its mutual funds and hedge funds on a single platform
Northern Trust to offer fund services to GuideStone Funds
24 July 2017 | Dallas | Reporter: Jenna Lomax
GuideStone Funds is a subsidiary of GuideStone Financial Resources, a financial service providing retirement, investment and life and health plans to evangelical Christian churches, educational institutions and ministry organisations
BNY Mellon recruits for alternative investment team
21 July 2017 | New York | Reporter: Jenna Lomax
BNY Mellon has made two senior appointments to its alternative investment services team
More news