Euroclear appoints Luke. 27 October 2026 Hong Kong Reporter: Madison Hendrickson Cilla Luke has joined Euroclear as head of business development, funds solutions, Asia Pacific. Based in Hong Kong, she is responsible for driving business growth and engagement with asset and wealth management clients throughout the region. Luke brings over 20 years of experience in financial services, having held diverse roles across business development, client and business strategy, business and operations management, and strategic initiatives. Prior to joining Euroclear, Luke served as head of education and partnerships at PWMA where the firm says she grew the brand's digital presence, strengthened strategic partnerships, and a broad programme of industry events and education initiatives. Additionally, she has worked across Asia, Europe, and Australia with Merrill Lynch Investment Managers, BlackRock, BMO Global Asset Management and Fideltity Internaitonal. Next people moves article NO FEE, NO RISK 100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times

Euroclear promotes Eliet and Haegeman. 21 October 2026 Europe Reporter: Zarah Choudhary Euroclear has appointed Guillaume Eliet as CEO of Euroclear Bank and Marie-Anne Haegeman as group chief risk officer. The appointments have been ratified by the Euroclear SA/NV and Euroclear Holding Boards, with Eliet and Haegeman expected to take up the roles from 1 January 2027, subject to regulatory approvals. Eliet will succeed Peter Sneyers, who will retire from Euroclear at the end of 2026. He will join the Euroclear Bank Board and chair its management committee and will step down from the Boards of Euroclear SA/NV and Euroclear Holding. Eliet is currently Euroclear's group chief risk officer. He joined Euroclear in 2017 as head of Regulatory, Compliance & Public Affairs and became CEO of the Euroclear Euroclear Settlement of Euronext-zone Securities (ESES) central securities depositories (CSDs) in 2021. Before joining Euroclear, he held senior positions at the Autorité des Marchés Financiers in France. Haegeman will succeed Eliet as the group chief risk officer. In this role, she will join the ESA executive committee and the boards of Euroclear SA/NV and Euroclear Holding. She is currently chief banking and network officer at Euroclear Bank and a member of its management committee. She will also be stepping down from the Euroclear Bank management committee and the Euroclear bank board. Haegeman brings expertise in banking and risk management, having previously held the position of chief risk officer of Euroclear Bank from 2018 to 2021 and a similar position at Belgian banking group, KBC, from 2014 to 2018. She also serves as non-executive director at Argenta, a banking and insurance group, a role she has held since 2019. The appointments are subject to the necessary regulatory approvals. Valérie Urbain, CEO of Euroclear group, says: "These appointments reflect the strength of Euroclear's internal talent and its disciplined approach to succession planning. Guillaume and Marie-Anne are experienced, highly respected leaders with a deep understanding of its business, its clients and its responsibilities as a financial market infrastructure. "Their appointments will ensure continuity in two critical roles while bringing fresh perspectives to support Euroclear's next chapter." Previous people moves article Next people moves article NO FEE, NO RISK 100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times

UK in strong position to meet T+1. Market participants feel the U.K is in a strong position to meet the migration to a shorter settlement next year and the focus is on small buy-side firms that may still use manual processes, the readiness of vendors and regulatory oversight. The UK Accelerated Settlement Taskforce, in partnership with DTCC, the U.S post-trade infrastructure and Euroclear, the central securities depository, hosted a UK T+1: One Year to Go summit in London on 13 October 2026. Lucy Rigby, MP and economic secretary to the Treasury, said via video at the event that she was confident that the U.K is on track to meet the implementation date for T+1. She said: "We are entering the final year in a position of strength. The next 12 months matter and we need to accelerate delivery." European markets will cut the time for settling trades from two days after a trade, T+2, on 11 October 2027. The migration to T+1 will apply across the 27 member states of the European Union, UK, Switzerland, Liechtenstein, Iceland and Norway. This will bring the region in line with North America, which migrated to T+1 in 2024. In contrast to the process in the U.S., the European transition takes place across multiple jurisdictions, currencies and market infrastructures. For example, there are 31 central securities depositories in Europe. Jamie Bell, head of capital markets: supervision, policy and competition at the Financial Conduct Authority (FCA), the U.K. regulator, agreed that he is "very confident" on the U.K. meeting the T+1 implementation date as the majority of firms "are in the right place." However, he also acknowledged that there is work to do in pockets of the market, such as smaller buy-side firms. Bell said: "You can expect the FCA to be more intrusive as the year progresses and we will be coming to you armed with data. 2027 will be incredibly important for industry testing." Daniel Hickey, global head of custody product and network management at State Street, said on a panel at the event that all key clients are engaged in thinking about automating standard settlement instructions (SSIs) and trade matching. Hickey added that the conversations are now about second or third order effects such as the impact of T+1 on foreign exchange, securities lending and UCITS funds, which settle T+3. "Our top 100 clients have invested in automating SSIs and trade matching, and are in a good place," said Hickey. "This is the key to success." Matt Johnson, executive director for ITP (institutional trade processing) industry relations and international strategy at DTCC, highlighted on the panel that DTCC has more than 18 million SSIs in its database, with approximately 60% provided by the source. DTCC also has data showing that more than 98% of equities trades in the EU are being matched on the same day on average, and 93.5% in fixed income, which has increased from 2025. Mimi Yan, senior technical specialist at the Financial Markets Standards Board (FMSB) and co-lead, operational issues working group at the UK Accelerated Settlement Task Force technical group, agreed that the industry will eventually move to a hybrid model which includes T0, where participants will move between different rails. She said: "We want to become healthier and fitter but we need other define outcomes. Do we need to train for a heptathlon or can we go jogging three times a week?" ESMA, the EU financial markets regulator, said in a statement on 16 October 2026 that the regulatory technical standards and guidelines on standardised procedures and messaging protocols have been published, so the regulatory framework is ready. The first deadline for investment firms and their clients to comply with the new requirements on allocations and confirmations is from 7 December 2026. This includes the mandatory use of electronic, standardised communication channels and international messaging standards; and machine-readable communication methods, except in cases of temporary technical disruptions. Verena Ross, chair of ESMA, described T+1 as one of the most impactful recent market structure initiatives that will fundamentally improve the efficiency and international competitiveness of the EU markets. "The focus now shifts to market participants to comply with the regulatory requirements, ready their systems and processes, and test their preparedness for the change, considering the recommendations of the EU T+1 Industry Committee," she added. Elisabeth Plakinger, principal at consultancy Capco, said on LinkedIn that three dates define the immediate delivery agenda: 7 December 2026; 12-14 June 2027 for messaging and T2S changes, and 11 October 2027 for the transition. "The June sequence leaves two weeks before the next coordinated industry test window," she added. "Clearstream's suspended partial-release functionality remains an open dependency." Operations James Maxfield, chief client officer at Duco, the agentic operations platform for financial services, said in a statement that while automation has dominated much of the conversation around T+1 readiness, firms risk overlooking what happens when things go wrong as zero exceptions is an admirable, but highly unrealistic, goal. Maxfield highlighted the growing use of 24/7 AI agents, with some firms already deploying them to investigate and resolve exceptions in real time which reduces the risk of activity spikes and enables firms to manage exceptions at scale. He added: "The work that firms do now to build smarter post-trade operations will also put them in a much stronger position for any future move towards T0." Richard Baker, founder and chief executive of Tokenovate, which automates post-trade, collateral, and tokenised settlement lifecycles, said in a statement that according to the firm's latest research, 88% of respondents identified fragmented data as a significant or critical challenge to post-trade efficiency.Baker urged firms to use the T+1 transition as an opportunity to join up automation across the trade lifecycle, standardise transaction and event data, and keep the legal and economic terms of a trade connected through to settlement. Hickey said firms should also see the move to T+1 as an opportunity to move to "T flexible", where firms can choose from a range of settlement options, including atomic settlement, as the industry does not want to lose the benefits of netting. "T+1 will continue into Asia," added Hickey. "Settlement will move to digital rails alongside traditional rails as markets move to 24x7." 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