Mark Gem retained as ECSDA chair as association elects its new board

The European Central Depositories Association has re-elected industry veteran Mark Gem as its chairperson.

Gem, Clearstream’s long serving chair of its Risk Committee and specialist in financial regulation and post-trade affairs, will continue to convene the Association’s board of directors, which is made up of 28 representatives from its 39 members.

Meeting in Brussels, after a two-year suspension of in-person meetings owing to the pandemic, the Board of Directors appointed two vice-chairs and a treasurer for a three-year term.

Guillaume Eliet, CEO of Euroclear Belgium, France and the Netherlands, and Indars Aščuks, CEO of Nasdaq CSD SE, will serve as the Association’s vice-chairs, with Georg Zinner, managing director of Austria’s CSD OeKB, becoming treasurer.

Sitting alongside these four representatives on the ECSDA Executive Committee are Francisco Béjar Nuñez from Iberclear, Ondrej Dusílek from CSD Prague, Olga Jordão from Euronext Securities in Porto, Clearstream Banking SA’s Anne Pascale Malréchauffé, Dora Matošić from Croatian CSD and clearing house SKDD, Euroclear Bank’s Ilse Peeters, Mikolaos Porfyris from ATHEXCSD, Boris Tomaž Šnuderi from KDD in Slovenia, and Florentin Soliva of Zurich-based Florentin Soliva.

Speaking about his re-election, Mark Gem says: “Post-trade financial services are a source of competitive strength for Europe. Europe’s CSDs continue to provide the markets with resilient and efficient support, representing a bedrock of stability as we move towards a more integrated capital market.

“ECSDA has played a leading role in our journey and I am proud to be part of it.”