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EDB Further Bolsters Governance with Senior Appointments

Luxembourg, March 27, 2023 — European Depositary Bank (“EDB”), the Luxembourg-headquartered provider of banking, depositary and custody solutions, today announces the appointments of Cecilia Gejke, PhD as Managing Director and Member of the Executive Management Board, and Gilda B. Neiman as a Member of the Board of Directors.

As part of Apex Group, EDB is one of the largest providers of depositary services in Europe for regulated UCITS and alternative funds, with over $185bn of Assets under Depositary (as of January 31, 2023).

Cecilia Gejke, PhD, joined EDB in early 2023, bringing nearly two decades of experience in the financial services sector, having held various leadership roles within Risk Management in London, Scandinavia and Luxembourg for international banks such as Nordea, Mizuho, Santander UK and JP Morgan. She has gained a broad experience across the investment, retail and private banking sectors with deep knowledge of products, including derivatives, and financial regulation. She has a proven track record of designing and delivering efficient risk management frameworks to drive business performance, supported by a strong risk culture and has been an active member of the Asset and Liability Committee, Compliance Committee and Management Committee in her previous institutions. She holds a PhD in Material Physics.

Gilda B. Neiman joins the Board of Directors of EDB, drawing on over 30 years’ experience in Executive & Relationship Management, International Wholesale Banking, Post-Trade Financial Services and Corporate Governance. She has worked with complex financial market intermediaries, investors, multi-lateral development institutions, governments and companies around the world to help meet their financial and strategic goals. Ms. Neiman has considerable banking experience having managed Citibank Europe plc’s branch in Brussels, Belgium. She currently specializes in advising institutions including banks on the application of Sustainability and ESG policies, including on environmental impact, diversity & inclusion matters.

This latest news follows the appointments of David Claus as CEO of EDB, and of Robert Steele and Jean-François Thils as Members of the Executive Board, and recent client wins of Arab Bank for digital bank accounts, and GenTwo and Mikro Capital for paying agent services.

Dr. Gejke and Ms. Neiman join the growing number of senior women holding leadership roles across Apex Group and its subsidiaries. Apex Group is a founding signatory of the Luxembourg Women in Finance Charter, and has recently celebrated the success of its internal Women’s Accelerator Program, with the launch of an external Women’s Accelerator Network, the first free of charge, grassroots private membership community that connects women across age groups, roles and professions within the financial services industry.

David Claus, CEO of EDB comments: “We are delighted to welcome Cecilia and Gilda, two highly qualified and experienced individuals to the Executive Management Board and Board of Directors of EDB, respectively. These appointments are further evidence of our commitment to continuous investment in the governance structures, risk management frameworks and technology infrastructure of EDB as we seek to constantly improve client service and experience. I look forward to working with both Cecilia and Gilda, and the valuable skillsets and strategic insights they will bring to EDB as we continue to grow our differentiated and independent banking solutions for our clients.”

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