-- Corporate governance reforms completed, subject to shareholder approval

Euroclear is pleased to announce the appointment of Francesco Vanni d'Archirafi 
as Chairman of the Euroclear group boards, subject to shareholder approval at 
the company's General Meeting of Shareholders on 1 July 2021.

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Mr Vanni d'Archirafi joins Euroclear from Citigroup where he has been the New 
York-based Chief Executive Officer of  Citi Transaction Services - the global 
provider of cash management, trade and securities services to multinational 
corporations, financial institutions and the public sector around the world - 
and Citi Holdings, where he profitably managed the biggest portfolio of 
non-core assets and businesses in the industry. Most recently, he was the Vice 
Chairman of Banking, Capital Markets and Advisory for EMEA based in London.

Mr Vanni d'Archirafi has led many businesses, committees and boards in a global 
career that spans 38 years at Citi, including that of long-serving Chairman for 
Citibank Europe plc and Chairman and CEO of Citibank International plc. He 
serves on the Boards of Verti Spa and Citibanamex, and was a non-executive 
director of the LCH Group from 2005 to 2011. He was a longstanding member of 
the Board of Mapfre International and is the Chairman of Junior Achievement 
Worldwide as well as trustee of several not-for-profit enterprises in the UK 
and Europe, including The Felix Project and the Voluntary Solidarity Fund. He 
is the Vice Chair of the Advisory Council for The Kogod School of Business at 
American University and is a member of the International Advisory Board of IESE.

Mr Vanni d'Archirafi will join the boards of Euroclear Holding and Euroclear 
SA/NV as a non-executive director. Additionally, the General Meeting of 
Shareholders is expected to approve proposed reforms that will further 
strengthen Euroclear's corporate governance, including the alignment of 
membership of the two boards. All requisite regulatory approvals regarding the 
appointment of Mr Vanni d'Archirafi and the reforms to the group's governance 
structure have been received.

A period of transition will follow the general meeting in order to ensure a 
smooth handover. During this transition period, Harold Finders and Franco 
Passacantando will continue to perform their duties as interim Chairs of the 
Euroclear Holding and Euroclear SA/NV boards, respectively.

The Euroclear boards would like to express their gratitude to Mr Finders and Mr 
Passacantando for their efforts to successfully deliver the corporate 
governance reforms and for their continued leadership during the transitionary 
period.

Commenting on the announcement, Mr Vanni d'Archirafi said:

"It is a great honour to be asked to lead the boards of the Euroclear group. 
The role of resilient, robust, efficient and reliable digital financial market 
infrastructure has never been more important to enable the trusted operation 
and continued innovation of the capital markets and the global economy. I look 
forward to working with shareholders, board members, Lieve Mostrey and the 
Euroclear management team to continue enhancing the value that Euroclear brings 
to clients, stakeholders across the post-trade ecosystem and society."

Harold Finders and Franco Passacantando jointly stated:

"Over the past year, we have conducted an extensive and thorough process to 
identify the right candidate for this important role. Francesco brings a unique 
combination of expertise and knowledge combined with extensive board level 
experience that will prove invaluable to the organisation. We look forward to 
working with him in the months and years ahead."

Lieve Mostrey, Euroclear group Chief Executive Officer, added:

"We are very pleased to welcome Francesco Vanni d'Archirafi to the Euroclear 
group. On behalf of all the Euroclear teams, we look forward to working with 
him closely in the next phase of Euroclear's journey."

About Euroclear

Euroclear group is the financial industry's trusted provider of post trade 
services. Euroclear provides settlement and custody of domestic and 
cross-border securities for bonds, equities and derivatives to investment 
funds. Euroclear is a proven, resilient capital market infrastructure committed 
to delivering risk-mitigation, automation and efficiency at scale for its 
global client franchise.

The Euroclear group includes Euroclear Bank - which is rated AA+ by Fitch 
Ratings and AA by Standard & Poor's - as well as Euroclear Belgium, Euroclear 
Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden and Euroclear 
UK & Ireland. The Euroclear group settled the equivalent of EUR 897 trillion in 
securities transactions in 2020, representing 276 million domestic and 
cross-border transactions, and held EUR 32.8 trillion in assets for clients by 
end 2020. For more information about Euroclear, please visit www.euroclear.com.

SOURCE Euroclear