New CEOs for DTCC 06 August 2014New York Reporter: Catherine Van de Stouwe
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The Depository Trust & Clearing Corporation (DTCC) is appointing Chris Childs and Ian McLelland to two executive management roles in its Global Trade Repository business.
The new roles come as the company continues to expand operations globally to bring greater transparency to over-the-counter (OTC) derivatives market and to help financial firms meet new regulatory trade reporting mandates.
Childs will assume the role of CEO of DTCC Deriv/SERV after spending a year as COO for DTCC Deriv/SERV, overseeing all aspects of DTCC’s OTC derivatives global post-trade processing and trade reporting services.
McLelland has become CEO of DTCC’s European Trade Repository and will lead day-to-day operations and take responsibility for all aspects of business.
Larry Thompson, DTCC general counsel and chairman of the DTCC Deriv/SERV board of directors, said: “As we continue increasing our coverage to new markets worldwide, [Childs and McLelland] bring a combined half-century of experience to drive product innovation and enhance our ability to serve clients and the industry.”
“They will also build upon the work we are doing with regulators to enhance transparency and mitigate risk in this market.”
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