EDB adds to executive board

Apex-owned European Depositary Bank has appointed Robert Steele and Jean-François Thils to its executive management board. They join EDB CEO David Claus and managing director Holger Barth as members of the bank’s executive management board. David Rhydderch, previously a member of the board, is stepping down and becoming a member of the board of directors of EDB and global head of financial products and managing director, EMEA for the Apex Group.

Steele spent 17 years at J.P. Morgan, most recently as Luxembourg head of depositary services oversight. At EDB he will be in charge of implementation. Thils joins after 23 years at BNY Mellon, most recently as EMEA TA technology. He will be in charge of technology at EDB. Both are based in Luxembourg.

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