The Depositary Trust & Clearing Corporation (DTCC) has appointed Mark Wetjen as managing director with responsibility for leading the firm’s global public policy function.
Wetjen will join DTCC on 28 September and will be based in Washington DC. He will report to Larry Thompson, vice chairman and general counsel of DTCC.
He will work in Europe and Asia in a new partnership with Andrew Douglas, CEO of DTCC’s European trade repository, on outreach to policymakers in the region.
Prior to his new role, Wetjen served as commissioner on the US Commodity Futures Trading Commission from October 2011 to August 2015, including five months as acting chairman managing daily operations.
Thompson commented: “We are delighted to welcome Wetjen to DTCC as we continue to grow our role as a resource on how financial market utilities can help achieve the risk mitigation and transparency goals of policymakers.”
“His reputation for his collaborative and thoughtful approach to addressing complex topics related to financial reform will be critical as policymakers continue implementing new rules to govern the financial markets.”
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