DTCC will align its Global Trade Repository (GTR), Trade Information Warehouse (TIW) and DTCC-Euroclear GlobalCollateral Ltd. businesses under a single portfolio led by Christopher Childs, Managing Director and head of Derivatives and Collateral as well as CEO of Deriv/SERV. Mr. Childs will also report to Mr. Keady. Mark Jennis, Executive Chairman of DTCC-Euroclear GlobalCollateral, Ltd., will continue in his role and report to Mr. Childs.
Timothy Keady, Managing Director and Head of DTCC Solutions, 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.”