Euroclear, the Brussels-based provider of post-trade market infrastructure services, has welcomed the appointment of Mike Reece as head of collateral management client services and operations.
In his new role, Reece will head a newly combined unit that is responsible for client service, onboarding and operations.
He will be tasked with enhancing the client experience and driving efficiencies to provide a suite of collateral management services to clients. Reece will report to Stephane Bernard, chief operating officer at Euroclear Bank.
Reece joins Euroclear’s Collateral Highway management team led by Olivier Grimonpont, head of product management and market liquidity, from a 28-year career with J.P. Morgan.
At J.P. Morgan, Reece was most recently head of international sales for banks and trading services within the firm’s Securities Services division.
Euroclear Bank’s open architecture platform for collateral management, the Collateral Highway, has seen strong growth, currently mobilising €1.8 trillion according to the firm.
This has been driven by an increasing demand for collateral management and securities lending services from a broad range of market participants, including the buy-side community, Euroclear adds.
