Clearstream:Yves Baguet, Member of the Executive Board of Clearstream International S.A., Clearstream's Chief Information Officer (CIO) and, since February 2013, the Chief Technology Officer (CTO) of Deutsche Börse Group, has decided to leave the company on amicable terms effective 15 October 2013 in order to pursue new challenges. Richard Green, currently running one of the application development departments for Clearstream's core business, will succeed Yves Baguet as CIO of Clearstream, and, ad interim, as CTO of Deutsche Börse Group.
Hauke Stars, Deutsche Börse Group Chief Information Officer and Member of the Executive Board of Deutsche Börse AG,said: "Yves Baguet decided to leave the company upon reaching another milestone in his career - the first phase of the design of the future IT landscape of Deutsche Börse Group. I would like to thank him for two decades of outstanding contribution to Clearstream and Deutsche Börse Group IT. His excellent work will be continued by IT personalities like Richard Green who I warmly welcome in his new roles."
Jeffrey Tessler, Chief Executive Officer of Clearstream and Member of the Executive Board of Deutsche Börse AG,said: "I am very grateful to Yves Baguet for his devotion to Clearstream and the many years of hard work he invested in the company that made him a key contributor to our success. IT is at the core of what we do and we could not offer market-leading products without personalities who combine extensive IT expertise with a profound understanding of our business. I wish Yves Baguet all the best and welcome Richard Green, a longstanding Clearstream expert, in his role as our new Business CIO."
Yves Baguet joined Clearstream in 1994 where he held various management positions in the IT area. In 2000, he became CIO of Clearstream was in charge of IT development, IT operations, the IT infrastructure and IT sales across all global Clearstream locations. Many of the projects delivered during this time such as the development of the post-trade technology for investment funds or Clearstream's collateral management solution contribute today to Clearstream's leading position in the industry. Yves Baguet contributed to and managed major IT projects across Deutsche Börse Group such as the technical integration of Deutsche Börse Clearing (today Clearstream Banking AG) with Clearstream (at the time Cedel) and the integration of Clearstream into Deutsche Börse Group. In 2007 and 2012, Yves Baguet was elected Luxembourg CIO of the year.
Richard Green joined Clearstream in March 1999 from NatWest Investments where he was a member of the Executive Committee and served as Head of Management Services. As part of his current responsibilities as Head of Cash Infrastructure and Added Value Applications at Clearstream, Richard Green leads the IT teams for collateral management and investment funds, services that today are core pillars of Clearstream's business strategy. Richard Green also led Clearstream IT's response to Deutsche Börse Group-wide initiatives in the field of mergers and acquisitions and efficiency gains.
Clearstream is the post-trade services provider of Deutsche Börse Group.
As an international central securities depository (ICSD) headquartered in Luxembourg, Clearstream provides the post-trade infrastructure for the Eurobond market and services for securities from 53 domestic markets worldwide. Clearstream's customers comprise approximately 2,500 financial institutions in more than 110 countries. Its services include the issuance, settlement and custody of securities, as well as investment fund services and global securities financing. With around EUR 11.7 trillion in assets under custody, Clearstream is one of the world's largest settlement and custody firms for domestic and international securities.
As a central securities depository (CSD) based in Frankfurt, Clearstream also provides the post-trade infrastructure for the German securities industry, offering access to a wide number of markets in Europe.