The office is led by Jane Sidnell, who reports to Philippe Laurensy, director and regional head, in Brussels.
Sidnell, Laurensy and their commercial team will work extensively with Euroclear’s Luxembourg client base in adapting to new regulations and preparing to work in a T2S post-trade environment.
Pierre Yves Goemans, managing director at Euroclear, said: “Luxembourg is the largest private banking centre and second largets investment fund centre in the world, making it a logical focal point for Euroclear. The expansion of our Luxembourg office is a clear indication of our continued commitment to provide high levels of service to our clients.”
“Sidnell’s understanding of the Luxembourg investment fund sector and Laurensy’s broader industry knowledge and experience will provide instrumental in building a highly client-focused team in Luxembourg with the right skills to attract new business.”