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."
