The European trade settlement giant Euroclear has appointed a new chief executive to succeed Tim Howell, who is stepping down after six years in charge.

In a statement issued late on October 31, the group said Lieve Mostrey had been appointed as its new CEO, effective January 1, 2017. Mostrey has been with Euroclear since 2010, when she joined as an executive director and its chief technology and services officer.