05 June 2017
New York
Reporter: Mark Dugdale
DTCC combines management of DTCC-Euroclear GlobalCollateral and Deriv/SERV
The Depository Trust & Clearing Corporation (DTCC) has made a series of internal organisational changes, with Christopher Childs taking on a new mandate.

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.

More news
The latest news from Securities Lending Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Former ITG sec lending trader banned for ADR misuse
23 June 2017 | Washington DC | Reporter: Drew Nicol
The charges follow ITG’s settlement in January when the broker-dealer agreed to pay more than $24.4 million over allegations of securities lending violations relating to the facilitation of naked short selling
ICMA: NSFR makes EU repo less attractive
23 June 2017 | London | Reporter: Drew Nicol
The association also point to increased automation of highly manual and labour-intensive processes of the market as a way to mitigate rising costs and create efficiencies
Brexit may push out small lenders
22 June 2017 | London | Reporter: Drew Nicol
Smaller beneficial owners are at risk of being pushed out the market by rising regulatory compliance costs, a revenue squeeze and Brexit
UK Money Markets Code to rebuild trust
22 June 2017 | London | Reporter: Drew Nicol
Industry representatives drafted the code in partnership with the Bank of England (BoE) to replace the previous guidance, which has been judged to be outdated
Quantitative easing going nowhere for now
22 June 2017 | Berlin | Reporter: Mark Dugdale
The European Central Bank (ECB) left interest rates unchanged earlier in June and expects them “to remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases”
Rule 15c3-3 reform offers equity collateral
22 June 2017 | Berlin | Reporter: Mark Dugdale
Potential reform of SEC Rule 15c3-3 is likely to change the US market, but the likes of the UK will see a realignment in trading rather than an out-and-out replacement
T2S approaches maximum speed
21 June 2017 | Berlin | Reporter: Drew Nicol
The last phase will see central securities depositories (CSDs) in Estonia, Latvia and Lithuania brought onto the platform by the final 18 September deadline