DTCC hires Hraska for fixed income 26 October 2016New York Reporter: Mark Dugdale
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The Depository Trust & Clearing Corporation (DTCC) has recruited Jim Hraska as managing director and general manager of Fixed Income Clearing Corporation (FICC).
Hraska joins DTCC from Barclays, where he most recently served as global director of product management specialising in financing and structural reform.
At DTCC, Hraska will lead FICC’s efforts to continue to reduce risks and costs in the US fixed income markets.
He will be charged with expanding buy-side participation in FICC clearing services, which will increase efficiency and transparency while reducing systemic risk in the US government securities market, and implementing the Mortgage-Backed Securities Novation initiative.
Hraska has 26 years of experience in the securities industry, with a background in fixed income and equity financing, fixed income and equity derivatives, financial engineering, reinsurance, structured credit products, futures, and global clearance and custody.
He is a long-standing member of the Securities Industry and Financial Markets Association and the Treasury Market Practices Group. He has also served as a senior member of the US Federal Reserve’s Tri-Party Reform Task Force.
Murray Pozmanter, head of clearing agency services at DTCC, said: “Jim Hraska joins DTCC at a critical time, as the industry looks to further reduce risks and costs across asset classes while retaining the safety and soundness that are paramount to the functioning of the global markets.”
“His extensive experience will be a significant asset to the firm, and we look forward to having him spearhead new initiatives at FICC that provide even greater value to our clients and the broader industry.”
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