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European financial market infrastructure firm Euroclear, which holds €183 billion in frozen Russian assets, has enlisted the services of bodyguards to protect its top executives against potential threats from Russia […]

Euroclear has hired the French security firm Amarante to safeguard CEO Valérie Urbain and seven other executive board members. The decision, made in late 2024, was driven by multiple factors. One was the news that Russian intelligence officers had been plotting to assassinate Armin Papperger, CEO of the German defense firm Rheinmetall. Another was a December incident that coincided with Ukrainian President Volodymyr Zelensky’s visit to Brussels, when an unidentified drone was spotted hovering near Euroclear’s office, which sits on the same street as the headquarters of Belgium’s domestic intelligence service.

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