In other People Moves, ISDA hires from HSBC, Kroll Bond Rating Agency appoints an MD and the SEC fills a key post in the chairman’s office.
DTCC Appoints Matthew Stauffer, Others to New Posts
Matthew Stauffer, MD, head of institutional trade processing, DTCC
Officials at the Depository Trust & Clearing Corp. (DTCC) report that they have shaken up the management for key businesses, including the appointment of Matthew Stauffer as managing director and head of institutional trade processing, effective June 30, 2017.
In other major organizational moves, the post-trade market infrastructure services provider has:
- Reassigned Paula Arthus, who most recently served as head of Omgeo and Data Services, to take on the role of chief of staff and head of corporate strategy in the office of the DTCC CEO;
- Realigned its Global Trade Repository (GTR), Trade Information Warehouse (TIW) and DTCC-Euroclear GlobalCollateral Ltd. businesses “under a single portfolio led by Christopher Childs,” who is managing director and head of derivatives and collateral as well as CEO of Deriv/SERV. Childs will report to Timothy Keady, managing director and head of DTCC Solutions;
- And kept Mark Jennis, in his role as executive chairman of DTCC-Euroclear GlobalCollateral; he will report to Childs.
In his new role, Stauffer will oversee the integration of the DTCC’s middle office trade processing solutions, including the Omgeo suite of solutions, Trade Support Services (TSS), the GMEI Utility, and new product development, officials say. He will report to Keady.
Stauffer was previously CEO of Clarient Global, a partnership DTCC launched in 2014 with “six founder banks to provide centralized services for all client data and documents needed to satisfy internal Know Your Customer (KYC) broader related regulatory requirements,” officials say. DTCC sold the business to Thomson Reuters earlier this year.
Prior to his time at Clarient, Stauffer was the managing director of strategy and business development at the DTCC, and has held senior roles within DTCC’s operations, technology and product organizations, officials say. He is also a member of the DTCC’s operating committee. Before the DTCC, Stauffer was a management consultant in Accenture’s Financial Services practice.
“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,” Keady says in a statement. “We believe there is tremendous potential to leverage these services more fully to address a wider range of operational challenges for the derivatives market.”
ISDA Names New Head of Clearing Services
The International Swaps and Derivatives Association (ISDA) reports the appointment of Ulrich Karl as head of clearing services, a newly created post.
Karl joins from HSBC, where he was director, CCP, global markets, officials say.
In that capacity, he acted as the industry chair of ISDA’s clearing, risk and capital working group. Now, he “will organize and lead ISDA’s clearing initiatives,” ISDA says in a statement. He reports to Mark Gheerbrant, ISDA’s head of risk and capital.
KBRA Appoints MD for Issuer Relations Group
Kroll Bond Rating Agency (KBRA) reports the appointment of Michael Dean to the post of managing director within KBRA’s issuer relations group, where he will “focus on KBRA’s asset-backed securities business development effort.”
Prior to joining KBRA, Dean spent 25 years at Fitch Ratings, where he was a managing director and co-head of the ABS group in North America, KBRA says in a statement.
“There he was responsible for supervising a team of credit analysts, developed and maintained global and regional criteria for ABS sectors, and produced market research,” KBRA officials say. “Prior to that, Dean was a managing director for research and media, where he developed Fitch research publications guidelines, supervised a research team, and oversaw distribution.”
SEC Names Managing Executive in Chairman’s Office
Peter Uhlmann, managing executive, SEC chairman’s office
The SEC reports that Peter Uhlmann has been named the managing executive in the office of Chairman Jay Clayton. He will advise Clayton in “matters relating to agency administration, operations, and management, and will serve as the Chairman’s primary liaison to divisions and offices on these matters,” the SEC says in a statement.
Most recently, Uhlmann was managing executive for Michael S. Piwowar, the acting SEC chairman at the time, the statement points out.
“Prior to that, [Uhlmann] was managing executive of the SEC’s Division of Corporation Finance, where he oversaw the internal business operations that support the division’s personnel,” SEC officials say. “He has also worked as a senior advisor to the executive director, where he led initiatives to assess and improve the effectiveness of SEC operations.”
Need a Reprint?