Speakers

Below you can find the list of confirmed speakers for the ECSDA Post-Trade Conference 2025.
Please check back regularly for updates.

Phil Brown, Chief Executive Officer, Clearstream Banking SA

Philip Brown is CEO of Clearstream Banking S.A., a member of the Executive Board of Clearstream Holding AG, and Head of Global RM, Sales & Client Services at Clearstream. Prior to this he has occupied roles as CEO of Clearstream Holding AG and Co-Chief Executive Officer of Clearstream Banking S.A. He moved to his position as Co-CEO from the London office in 2008, where he was General Manager and headed Client Relations for the United Kingdom, Ireland, Nordics, and the Americas. He joined the company in July 2005 after twelve years in the custody and clearing business, in a variety of front office sales and relationship management positions. Prior to joining Clearstream, he spent 7 years at The Bank of New York, latterly as Managing Director and Head of European Sales, 2 years at Morgan Stanley International and 7 years at Barclays PLC. He holds a degree in Banking, Insurance and Finance from University College North Wales, Bangor.

Mark Gem

Chair of the ECSDA Board, Chairman of the Clearstream Risk Committee

Mark Gem, Chair of the ECSDA Board, Chairman of the Clearstream Risk Committee

Mark Gem has been with Clearstream for over 20 years and a board member since 2007,
leading the network management, primary markets and compliance areas. He was
responsible for Clearstream’s T2S strategy. He currently chairs Clearstream’s Risk
Committee, amongst many other things oversaw the post-Brexit organization of
Clearstream’s UK business and Clearstream’s overall response to the COVID-19 crisis and
to the war in Ukraine. He is a member of the Swift board. He has chaired ECSDA, the
European CSD Association, since 2021.

Phil Brown

Chief Executive Officer,
Clearstream Banking SA

Verena Ross, Chair, ESMA

Verena Ross is the Chair of the European Securities and Markets Authority (ESMA). She took up the role on 1 November 2021 and is responsible for representing the Authority as well as preparing the work of and chairing its Board of Supervisors and Management Board.
Between 2011 and 2021 Verena Ross served as ESMA’s first Executive Director, when she was responsible for building up the organisation and overseeing its day to day running.
Prior to this, Verena held a number of senior posts in the UK’s Financial Services Authority (FSA) and was a member of the FSA’s Executive Committee. Verena joined the FSA in 1998 to run the Executive Chairman’s office during the regulator’s start-up phase and was briefly a seconded advisor to the Hong Kong Securities and Futures Commission in 2000. She held various positions in the FSA’s Markets Division and was Director of Strategy & Risk Division before becoming Director of the International Division.
Verena is a German national. Following studies in Sinology and Economics in Hamburg, Taipei and London (SOAS) she began her career at the Bank of England in 1994, where she worked as an economist and banking supervisor.

Verena Ross

Chair,
ESMA

Maciej Trybuchowski, President, Management Board of Krajowy Depozyt Papierów Wartościowych

Maciej Trybuchowski is President of the Management Board of Krajowy Depozyt Papierów Wartościowych since 2018 and President of the Management Board of the clearing house KDPW_CCP since 2019.
He started his professional career in 1989 at the Chair of Organisation Theory, Department of Management, University of Warsaw, where he remained affiliated until 1996.
1989 – 1990, Counsel with the Office of the Government Plenipotentiary for Ownership Transition at the Ministry of Finance.
1995 – 2002, Director of the Origination and Underwriting Department and later Managing Director of Centralny Dom Maklerski Pekao S.A.
2003 – 2012, Director of Biuro Maklerskie Banku BGŻ.
2013 – 2014, Director and later Vice-President of IDM.
2015 – 2017, CEO of Dom Maklerski Banku BPS.
2017 – 2018, CEO of PGE Dom Maklerski.
He has co-authored the textbook Zarządzanie – teoria i praktyka [Management in Theory and Practice]
edited by Professor A.K. Koźminski. Lecturer in courses for candidates for members of Supervisory Boards of State-owned companies. Since 2004 with the Chamber of Brokerage Houses.
He holds a degree from the Department of Management, University of Warsaw. Former fellow of the Copenhagen Business School International Marketing & Management programme and many
international educational programmes.

Maciej Trybuchowski

President,
Management Board of Krajowy Depozyt Papierów Wartościowych

Rafael Moral, Head of Securities Services, SIX

Rafael Moral Santiago has been Head Securities Services and a member of the Executive Board of SIX since June 2025. Before joining SIX, he held different leadership positions at HSBC in Hong Kong and London from 2015 until 2024. In his most recent role, he served as Global Head of Country Management Securities Services for HSBC, leading the regional strategy and coordination of the bank’s securities services business across more than thirty markets.

Prior positions included Head of Securities Services for Europe, as well as for Asia Pacific & MENA. From 2002 until 2015 Rafael Moral Santiago worked at Deutsche Bank in various management roles in Germany, the USA and Singapore, most recently as Global Head of Investor Services responsible for Custody, Clearing, Fund Services, and Securities Lending.

Before joining Deutsche Bank, he gained business leadership experience as the CFO and executive board member at 100world (now Senacor Technologies), following a position as strategy consultant at McKinsey & Co. A Spanish citizen, Rafael Moral Santiago graduated from the HHL Leipzig Graduate School of Management and attended INSEAD’s MBA and International Executive Programmes. He is also ISSA Board Member.

Rafael Moral

Head of Securities Services, SIX

Kathy Waldie, Director, Head of Target Service Governance, Clearstream

Kathy has over 25 years experience in the post-trade industry, starting in Investment Banking with JP Morgan and then Morgan Stanley, in London and Frankfurt. Her experience includes leading areas on all aspects of post-trade operations and as European Banking Operations Risk Manager. Following 3 years as a senior consultant on T2S business models, she joined Clearstream Banking in 2017, where she is head of Target Services Governance. She has extensive experience in industry forums, including Ami-SeCo, CSG and National Stakeholder Groups.

Kathy studied in Scotland, France and Germany and holds an MA in International Business and Languages from Heriot-Watt University, Edinburgh.

Kathy Waldie

Director,
Head of Target Service Governance,
Clearstream

Attila Toth, Principal, Equity and Capital Market Infrastructure, Capital Markets Development Team, EBRD

Attila Toth is working for EBRD as Principal in the Capital & Financial Market Development Team since 2018. He is specialized in equity capital market and capital market infrastructure development where he built up a 20-year experience. He started his career at the Hungarian Debt Management Agency in 1997 and joined the Budapest Stock Exchange in late 1999. During his 16-year career at the BSE he was responsible for business and product development, trading and post-trading. Between 2008 and 2016 he was the Deputy CEO of the stock exchange responsible for issuer and trading member relations, product development, trading and business strategy. He was chairman of the Supervisory Board and also the member of the Board of Directors of the Central Depository and Clearing House of Hungary. He took part in international capital market development projects and spent years in the corporate finance and private equity industry specialised for SMEs before joining the EBRD.

Attila is highly devoted to the improvement of financial literacy. He was the Chief Secretary of the Foundation for Financial Self-Awareness, an institution founded by the Budapest Stock Exchange and later the member of the Board of the Money Compass Foundation of the National Bank of Hungary. Attila Toth has a Master Degree in Finance from the Budapest Corvinus University and has a EFFAS/ACIIA International Programme of Investment Analysis Diploma.

Attila Toth

Principal,
Equity and Capital Market Infrastructure, Capital Markets Development Team,
EBRD

Maciej Trybuchowski, President, Management Board of Krajowy Depozyt Papierów Wartościowych

Maciej Trybuchowski

President,
Management Board of Krajowy Depozyt Papierów Wartościowych

Javier Hernani, Head Securities Services, SIX

Javier Hernani took up his role of Head of the Securities Services business unit and he is member of the Executive Board of Six Group, since January 2021, after the takeover of BME by SIX. He is also CEO of Bolsas y Mercados Españoles, Sociedad Holding de Mercados y Sistemas Financieros, SA, since April 2017. He served as General Manager of BME from December 2012 to April 2017, with the specific role of coordinating the action of business units and corporate areas. Chairman of the Risk and Security Committees as well as Member of the board of several subsidiaries. Previously, he joined BME as Chief Financial Officer and member of the Executive Committee, assuming the role of conducting the integration process of the newly created group and leading the IPO process which took the company public as of 14th July 2006.

Prior to its incorporation to Bolsas y Mercados Españoles, Mr. Hernani was Deputy General Manager of the Bilbao Stock Exchange (until 2003), CFO of Norbolsa, S.V.B. (until 1998) and Consultant in Coopers & Lybrand Brussels (until 1989).

Mr. Hernani earned a Degree in Economics and Business by University of Deusto in 1986, a Master’s Degree in European Economic Studies, specialising in Economics, by The College of Europe in Brussels in 1988 and a Master’s Degree in Advanced Management by University of Deusto in 1997.

Javier Hernani

Head Securities Services,
SIX

Dimitri Pattyn, Deputy Director General Market Infrastructure and Payments, European Central Bank (ECB)

Dimitri Pattyn is Deputy Director General of Market Infrastructure and Payments at the European Central Bank. Prior to that, he was Head of the Market Infrastructure Development Division in the same directorate, where he was responsible for developing new and maintaining the existing Eurosystem services in the area of market infrastructures. Formerly, Dimitri worked for Euroclear, where he was acting as programme manager responsible for the internal and market readiness of the three ESES CSDs for the migration to Target2-Securities.

Dimitri Pattyn

Deputy Director,
General Market Infrastructure and Payments,
European Central Bank (ECB)

Samuel Riley Head of Securities Services, Clearstream

Samuel Riley is a member of the Executive Board and CEO of Clearstream Holding AG, Clearstream Securities Services. Sam joined Clearstream in 2019 and became Head of Investor Services & Financing in 2020. Previously, he had a long-standing career at Citigroup, where he most recently served as Global Head of Custody Operations. His earlier responsibilities there included leading the EMEA Service Centres & Shared Services organisation and being an Executive Board Member of Citigroup Global Markets Deutschland AG. Samuel Riley holds a degree in Business Management from Wolverhampton University.

Samuel Riley

Chief Executive Officer,
Clearstream Securities Services

Holger Neuhaus, Head of division on Market innovation and integration, European Central Bank

Holger Neuhaus is Head of the European Central Bank’s (ECB’s) Market Innovation and Integration Division in the Directorate General Market Infrastructure and Payments. His Division develops the ECB/Eurosystem’s approach in relation to innovation and integration in the field of payments and post-trade services. In this context he coordinates the Eurosystem internal work and chairs a market contact group on settling wholesale financial transactions in central bank money in the presence of new technologies like DLT.

Until November 2019 he headed the Money Market and Liquidity Division which provides market analysis of euro area money markets and ensures the execution of monetary policy through the Eurosystem’s open market operations and liquidity management. It also had a lead role in developing and transitioning to a new reference interest rate for the money market. He has also worked at the Federal Reserve Bank of New York, the Deutsche Bundesbank and in the private sector.

Holger Neuhaus

Head of division on Market innovation and integration, European Central Bank

Victor van Hoorn, Executive Director, Eurosif

Victor van Hoorn is the Executive Director of Eurosif, the European Sustainable Investment Forum, the leading pan European Sustainable and Responsible Investment association advocating for a more sustainable financial system. It works as a partnership of European national Sustainable Investment Forums (SIFs). SIF members include institutional investors, asset managers, index providers and ESG research and analysis firms totaling over €8 trillion of assets under management, as well as other stakeholders such as NGOs, trade unions, think-tanks and philanthropic foundations. Eurosif is also a founding member of the Global Sustainable Investment Alliance, the alliance of the largest SIFs around the world.

Prior to Eurosif, Victor was Head of Financial Services at Hume Brophy, a leading EU public affairs consultancy, advising asset managers and asset owners on their engagement with EU policymakers. In that role he closely followed the EU sustainable finance since its inception.

Victor is and attorney-at-law admitted to the New York and Amsterdam bar. He holds the French and Dutch citizenship.

Victor van Hoorn

Executive Director, Eurosif

Erick Decker, CIO of Emerging Markets and Head of RI "Center of Expertise", AXA Group

Biography to follow.

Henne Schuwer, Senior Advisor, Kreab

After a 42-year career with the Netherlands Ministry of Foreign Affairs, where Henne Schuwer focused on the European Union and transatlantic relations, Ambassador Schuwer joined Kreab as a Senior Advisor in 2020. During his career, Henne was involved in all Dutch EU Presidencies, the last one as Deputy Permanent Representative of the Netherlands to the EU and Chair of Coreper I. After this, Henne served as the Director of the Private Office of the Secretary General of NATO. Mr Schuwer also has extensive knowledge of US politics and trade issues due to two assignments in the US, including a stint as the Dutch Ambassador to Washington DC in 2015-19.

Henne Schuwer

Senior Advisor, Kreab

David Reed, Senior Partner, Head of The Financial Policy Advisers Network, Kreab

David has a portfolio of senior management roles in the European public affairs industry, and has advised over 50 of the world’s largest financial institutions and trade associations on their public affairs strategy, stakeholder engagement, and reputation management activities across Europe, the UK and globally. He leads Kreab’s Financial Services Practice and is the Senior Partner of the Financial Policy Advisers Network. David has worked at the European Commission, the Financial Services Authority, McKinsey & Company, and Campbell Lutyens.

David Reed

Senior Partner, Head of The Financial Policy Advisers Network, Kreab

Speakers

Mark Gem

Chair of the ECSDA Board, Chairman of the Clearstream Risk Committee

Phil Brown

Chief Executive Officer, Clearstream Banking SA

Verena Ross

Chair, ESMA

Maciej Trybuchowski

President, Management Board of Krajowy Depozyt Papierów Wartościowych

Rafael Moral

Head of Securities Services, SIX

Kathy Waldie

Director, Head of Target Service Governance, Clearstream

Attila Toth

Principal, Equity and Capital Market Infrastructure, Capital Markets Development Team, EBRD

Maciej Trybuchowski

President, Management Board of Krajowy Depozyt Papierów Wartościowych

Javier Hernani

Head Securities Services, SIX

Dimitri Pattyn

Deputy Director, General Market Infrastructure and Payments, European Central Bank (ECB)

Samuel Riley

Chief Executive Officer, Clearstream Securities Services

Holger Neuhaus

Head of division on Market innovation and integration, European Central Bank

Victor van Hoorn

Henne Schuwer

David Reed

Chief Executive Officer,
Clearstream Banking SA

Chair,
ESMA

President,
Management Board of Krajowy Depozyt Papierów Wartościowych

Director,
Head of Target Service Governance,
Clearstream

Principal,
Equity and Capital Market Infrastructure, Capital Markets Development Team,
EBRD

President,
Management Board of Krajowy Depozyt Papierów Wartościowych

Head Securities Services,
SIX

Deputy Director,
General Market Infrastructure and Payments,
European Central Bank (ECB)

Chief Executive Officer,
Clearstream Securities Services