Euroclear

Euroclear is led by CEO Valérie Urbain, who took office in July 2024. The firm's investment strategy is overseen by its board of directors, which includes representatives from its user-owner banks. Day-to-day operational decisions are made by the executive committee.

Euroclear is neither. It is a financial market infrastructure firm, specifically an international central securities depository (ICSD) and central securities depository (CSD). It provides post-trade settlement, custody, and collateral management services, primarily to banks and institutional investors.

Euroclear handles bonds (government, corporate, and supranational), equities, money market instruments, derivatives, and funds. Its FundSettle platform facilitates mutual fund and ETF settlement. It also supports collateral management across multiple asset types.

Euroclear charges fees for transaction settlement, custody, and ancillary services like collateral management. Its revenue model is cost-recovery based; the firm is owned by its user banks and does not seek to maximize profits. Public financial reports are available through its annual reports.

Euroclear does not function as an investment firm. Its primary activities are operational: settling trades, holding assets in custody, and providing financial infrastructure. It may make strategic investments in technology (e.g., distributed ledger platforms) but not as a capital allocator.

Euroclear does not manage wealth. It processes transactions for banks, asset managers, and other financial institutions. Its revenue comes from service fees, not from investment returns. The firm's ownership is held by a consortium of global banks and financial entities.

Euroclear does not engage in co-investment activity. It is a service provider to the financial system, not a capital allocator. For co-investment services, allocators should consult asset managers or family offices.