Cetip says CEO Fleury to leave after contract expires -filing

SAO PAULO Wed Nov 21, 2012 3:08pm EST

SAO PAULO Nov 21 (Reuters) - Cetip SA Mercados Organizados , Brazil's largest securities clearinghouse, said on Wednesday that Chief Executive Officer Luiz Fernando Vendramini Fleury will leave the company once his contract expires in July 2013.

According to a securities filing, Cetip's board and Fleury began an "orderly transition process" to identify a substitute. Fleury will remain at the helm of the company until the process has been concluded, the filing added.

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