By leveraging Euroclear's open infrastructure, responsible for managing €3.1 trillion worth of funds worldwide, according to the official announcement, and harnessing Goji's technology, a digital platform will be created to enhance trading and custody processes, improve accessibility, and lower the overall cost of accessing private market funds. The acquisition comes at a time of growing…
Read more
The new Tech hub was made possible with the establishment of a new legal structure in Krakow, setting up a Euroclear SA branch. Andrzej Mikolajczak will take the rains of the new entity as Euroclear SA branch manager. He will work alongside current Euroclear Bank branch manager, Stephane Bernard. Lieve Mostrey, Euroclear Group CEO commented:…
Read more
Additionally, The underlying business income hit a record high of EUR 414 million in Q1 2023, marking a 2% increase compared to the same period last year. The company's three-year underlying business income CAGR of 9% highlights the growth it has achieved despite the volatility of financial markets, the firm noted. Meanwhile, quarterly interest, banking,…
Read more
David Genn, CEO, Goji commented: We are delighted to partner with Euroclear to deliver the platform infrastructure that the private markets industry needs. The ever-increasing demand from all investor groups to access private funds, points to the need for an end-to-end digital processing solution for these asset classes. The combination of Euroclear’s position in the…
Read more
Operating Expenses also increased, reaching €824 million, a 14% rise on yearly basis. The company noted earnings per share increased 92% to €11.9 per share, reflected the increase in net profit. Lieve Mostrey, Chief Executive Officer, Euroclear, said: The group benefits from a diversified business model which allows us to focus on supporting clients through…
Read more
The company noted that the cash on the balance sheet has increased by €72 billion YoY as blocked coupon payments and redemptions accumulate. Euroclear also earned €110 million as interest income from frozen Russian assets in the first half of the year. Lieve Mostrey, Chief Executive Officer, said: We delivered a strong performance across the…
Read more
Rhomaios Ram, CEO Fnality International said: The institutional commercialisation of DLT is being realised through Fnality’s creation of a network of distributed payment systems using blockchain technology. As we progress from testing to real-world implementation, welcoming Euroclear Group as an investor into the Fnality International consortium will significantly enhance the diversification of Fnality’s network and…
Read more
Before joining Euroclear in 2018, Paprocki was CEO of ING Tech Poland. There, he was responsible for the company’s IT technology hub, overseeing full global IT delivery. Paprocki holds a postgraduate MBA Degree from Warsaw University of Technology. In his new position at Euroclear, he will continue the company’s IT transformation into new technologies, reinforcing…
Read more
Lieve Mostrey, Chief Executive Officer at Euroclear, commented: I am pleased to report that Euroclear achieved a record business performance in the first half of 2021. Our consistent strategy has delivered a growing financial performance, despite a business environment that remains uncertain. By continuing to invest in our people and technology, we are supporting clients…
Read more
MFEX Group and Euroclear’s businesses compliment each other. Through the acquisition, Euroclear aims to create an efficient mechanism to access a broad network of end investors in a fragmented marketplace. Lieve Mostrey, Chief Executive Officer, Euroclear commented: We are delighted to sign this agreement to acquire MFEX Group. We expect MFEX’s broad fund distribution network,…
Read more