Shareholder of Euroclear
Euroclear holds more than €30 trillion worth of assets and settles more than €837 trillion worth of securities transactions annually.
Several Belgian investors have together accumulated a stake of almost 9.2 per cent in international financial services provider Euroclear during 2020. PMV is part of the group that bought shares from existing shareholders to become Euroclear’s third-largest shareholder. From that position, the group is to anchor Euroclear’s financial infrastructure in our country.
Euroclear is a global player in the settlement of transactions involving shares, funds or bonds. It guarantees that cash and securities are exchanged simultaneously in a transaction. It holds the securities, tracks positions and manages collateral. It thus makes it easier for its customers to settle domestic and cross-border securities transactions, and secure investments. Euroclear is crucial to
the functioning of the financial system; more than 2,000 banks use the financial services of the organisation, which holds more than EUR 30 trillion in assets and settles more than EUR 837 trillion in securities transactions annually.
Of the 4,000 people working for the group operating in Europe, Asia, the Middle East and America – Belgian Lieve Mostrey is its CEO – more than 2,200 are in Brussels. There is also an operations centre in Poland as a back-up for Brussels. The group’s turnover is just under one and a half billion euros. The purchase of shares by PMV and several other investors not only provides the consortium with a representative on the board of directors but should anchor strategically important financial infrastructure in our country and strengthen Brussels as a financial centre.
The fact that the long-term investment will yield an annual dividend is a further bonus.
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