DTCC appoints Matthew Stauffer as head of institutional trade processing
05 June 2017 New York
Image: Shutterstock
The Depository Trust & Clearing Corporation (DTCC) has appointed Matthew Stauffer as managing director and head of institutional trade processing.
Stauffer, who will take up the role on 30 June, will be responsible for integrating DTCC’s middle-office trade processing solutions, including the Omgeo suite, Trade Support Services and the GMEI Utility, as well as leading new product development.
He will report to Timothy Keady, managing director and head of DTCC Solutions.
Stauffer previously served as CEO of Clarient Global, a partnership that DTCC launched in 2014 with six founder banks to provide centralised services for all client data and documents needed to satisfy internal know-your-customer and broader related regulatory requirements. DTCC sold the business to Thomson Reuters earlier this year.
Keady commented: “Matt Stauffer has deep experience in middle-office processing and a firm understanding of the challenges facing many firms today. His knowledge of the marketplace and client needs will enable him to bring new insights to product development and opportunities for integrating our products and services to drive greater efficiencies in trade processing.”
DTCC has also made a series of internal organisational changes, with Paula Arthus and Christopher Childs taking on new mandates.
Arthus, who most recently served as head of Omgeo and data services, will take on a new assignment as chief of staff and head of corporate strategy in the office of the DTCC CEO.
DTCC will also align its Global Trade Repository, Trade Information Warehouse and DTCC-Euroclear GlobalCollateral businesses under a single portfolio led by Childs, who is managing director and head of derivatives and collateral as well as CEO of Deriv/SERV.
He will also report to Keady. Mark Jennis, executive chairman of DTCC-Euroclear GlobalCollateral, will continue in his role and report to Childs.
Keady added: “Bringing our derivatives and collateral businesses together under the same umbrella will help accelerate integration efforts to create a more robust end-to-end processing solution for the industry. We believe there is tremendous potential to leverage these services more fully to address a wider range of operational challenges for the derivatives market.”
Stauffer, who will take up the role on 30 June, will be responsible for integrating DTCC’s middle-office trade processing solutions, including the Omgeo suite, Trade Support Services and the GMEI Utility, as well as leading new product development.
He will report to Timothy Keady, managing director and head of DTCC Solutions.
Stauffer previously served as CEO of Clarient Global, a partnership that DTCC launched in 2014 with six founder banks to provide centralised services for all client data and documents needed to satisfy internal know-your-customer and broader related regulatory requirements. DTCC sold the business to Thomson Reuters earlier this year.
Keady commented: “Matt Stauffer has deep experience in middle-office processing and a firm understanding of the challenges facing many firms today. His knowledge of the marketplace and client needs will enable him to bring new insights to product development and opportunities for integrating our products and services to drive greater efficiencies in trade processing.”
DTCC has also made a series of internal organisational changes, with Paula Arthus and Christopher Childs taking on new mandates.
Arthus, who most recently served as head of Omgeo and data services, will take on a new assignment as chief of staff and head of corporate strategy in the office of the DTCC CEO.
DTCC will also align its Global Trade Repository, Trade Information Warehouse and DTCC-Euroclear GlobalCollateral businesses under a single portfolio led by Childs, who is managing director and head of derivatives and collateral as well as CEO of Deriv/SERV.
He will also report to Keady. Mark Jennis, executive chairman of DTCC-Euroclear GlobalCollateral, will continue in his role and report to Childs.
Keady added: “Bringing our derivatives and collateral businesses together under the same umbrella will help accelerate integration efforts to create a more robust end-to-end processing solution for the industry. We believe there is tremendous potential to leverage these services more fully to address a wider range of operational challenges for the derivatives market.”
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