After a decade in Krakow, Euroclear has announced plans to expand its facility in the city with a new tech hub. The expansion will see 400 new positions added to the branch’s staff, which currently numbers 800.

Euroclear announced in a press release that the creation of the new tech hub is “part of an ongoing strategy across Euroclear to broaden the scope of talent and grow and invest in critical capabilities such as data, digitalisation, and cyber, while also reinforcing the client-facing, support and control functions.”

The expanded facility was made possible by the creation of a Euroclear SA branch, which will be headed by Andrzej Mikolajczak, working alongside Euroclear Bank branch manager, Stephane Bernard.