23 October 2013
Reporter: Jenna Jones

Euroclear appoints Satvinder Singh to board

Satvinder Singh, Deutsche Bank’s global head of trust and securities services and cash management financial institutions, has been appointed to the board of directors of Euroclear and Euroclear SA/NV.

Singh said: “Euroclear plays an integral role in tackling the challenges the securities services sector is facing. New regulations, ambitious market infrastructure changes like T2S and macro-economic challenges are adding complexity to the business model but this is also a time of great opportunity.”

“I’m excited at the prospect of working with Euroclear and the distinguished members of its board. Despite the challenges we face as an industry, I believe that those with a long term vision and a commitment to exceeding client expectations will continue to flourish.”

Werner Steinmueller, head of Deutsche Bank’s global transaction banking division and member of the group executive committee, added: “Singh’s elevation to the board of Euroclear is not only recognition of his leadership and expertise, but also an acknowledgement of the strength of Deutsche Bank’s franchise and market position.”

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