DTCC will align its Global Trade Repository, Trade Information Warehouse and DTCC-Euroclear GlobalCollateral businesses under a single portfolio led by Childs, who is head of derivatives and collateral and CEO of Deriv/SERV.
He will report to Timothy Keady, managing director and head of DTCC Solutions. Mark Jennis, executive chairman of DTCC-Euroclear GlobalCollateral, will continue in his role and report to Childs.
Keady said: “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.”
Paula 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 has also 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.