UBS IT Veteran Joins DTCC
Christopher M. Behney,
managing director,
DTCC
The Depository Trust & Clearing Corp. (DTCC) has hired an IT management veteran from UBS Christopher M. Behney as managing director, head of enterprise production assurance (EPA) and head of DTCC’s Dallas, Texas office, officials say. Behney will report to Robert E. Garrison, the managing director and chief information officer (CIO) for the DTCC.
For the past decade at UBS, Behney served as managing director and regional head of the group technology infrastructure organization at UBS. During his time at UBS, he led the effort to deliver cost-effective solutions that helped UBS set the benchmark for resource efficiency, virtual server adoption and asset utilization. A key achievement was a full renovation of enterprise storage. Behney also held executive positions at Enron, overseeing re-architecture and infrastructure solutions.
In his role as the DTCC EPA head, Behney will guide the IT infrastructure for the DTCC’s production environments and lead a team of more than 300 staff members employed at the DTCC’s IT operations in the US, UK and India.
“Chris brings to DTCC the combination of an innovative mindset with a deep understanding of modern infrastructure paradigms that are essential for this new role,” Garrison said in a prepared statement.
BOX Options Exchange Hires from NYSE Euronext
The BOX Options Exchange (BOX) has hired Ed Boyle, who recently led two US options businesses at NYSE Euronext as executive vice president, to be its senior vice president of business development and strategy.
Boyle, who has more than 20 years of significant strategy and business development experience, will report to BOX CEO Tony McCormick and will join Patty Kevin-Schuler in business development, officials say.
In addition to his experience at NYSE Euronext, Boyle has held key options leadership positions with TD Securities, LETCO Trading, and automating trading firm Getco.
R.J. O’Brien Picks a CEO for London Subsidiary
David Mudie,
CEO, London,
RJO (UK)
Chicago-based futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has appointed David Mudie as CEO for the firm’s R.J. O’Brien (UK) Ltd. subsidiary, its London-based operation established earlier this year, officials say.
Mudie has more than 18 years of experience in futures, prime brokerage, sales and operations at major financial institutions in London and New York. He was most recently served as European head of institutional and retail sales, marketing and execution for Penson Financial Services Ltd. in London.
Previously, Mudie was head of fixed income prime brokerage for MF Global UK Ltd. in London from 2009 to 2010, officials say. From 2006 to 2009, Mudie was senior vice president—derivatives product group, prime brokerage for Newedge USA in New York.
Prior to his time at Newedge, Mudie ran European prime brokerage for Refco Overseas Ltd. in London. He began his career in 1995 at Salomon Smith Barney International in London. By 1998, he was working for Cantor Fitzgerald International Ltd., where he spent six years in London, New York and Asia.
“We will focus on the core products and middle market niche that has fueled RJO’s success in the States,” Mudie said in statement about his role at RJO.
Leaders Emerge for U.S. House Financial Services Committee
The House Democratic Caucus has just voted to make Congresswoman Maxine Waters, a Democratic representative from California, the Ranking Member of the House Financial Services Committee, which means the committee will have a staunch supporter of Dodd-Frank in a key post.
Waters will be working with Jeb Hensarling, a Republican from Texas, who is the next chairman of the influential committee, taking over for Spencer Bachus, a Republican from Alabama.
“I look forward to working with my colleagues to protect, defend and implement the important provisions of Dodd-Frank, which will continue to strengthen our financial system,” Waters says in a statement. “I understand that regulatory certainty is an important aspect of growing our economy, and remain committed to ensuring clear and transparent regulation which creates the space for innovation, safety and soundness.”
When Hensarling was named chairman, he said he is looking forward to “working alongside my colleagues to foster the deepest, most liquid, competitive, efficient, innovative, and transparent capital markets the world has ever known.”
Hensarling added that he is committed to ending “too big to fail,” and reinstating market discipline. “We must also reduce taxpayer risk in the marketplace and cut the sheer weight, volume, complexity, and uncertainty of the federal red tape burden that makes capital more expensive and less available.”
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