Euroclear has appointed Bernard Frenay as managing director and head of the finance division, effective 1 December 2009. He will also become a member of the Euroclear group management team.
Frenay joins Euroclear from BNP Paribas Fortis, where he was deputy chief financial officer (CFO), responsible for the end-to-end management and control of financial reporting for Fortis Bank. He has held various finance positions within Fortis, including asset and liability management, budgeting, financial planning, accounting, management information and group consolidation, since joining the company in 1990. Frenay has been a member of the board of Fortis Bank Luxembourg and Fortis Luxembourg Finance.
At Euroclear, he will be responsible for all financial aspects of the Euroclear group, including statutory accounting, budgeting, management reporting and corporate finance. He will report to André Rolland, executive director and CFO, and is replacing Paul Taylor, who left Euroclear in July 2009 to pursue other interests.
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