Mark Wetjen is to join the Depository Trust & Clearing Corporation (DTCC) as managing director with responsibility for leading its global public policy function and related business and legal activities. He will take up the Washington-based post on September 28, 2015, and report to Larry Thompson, vice chairman of DTCC and general counsel. 

“We are delighted to welcome Mark to DTCC as we continue to grow our role as a resource on how financial market utilities can help achieve the risk mitigation and transparency goals of policymakers,” said Thompson. “Mark’s reputation for consensus-building and his collaborative and thoughtful approach to addressing complex topics related to financial reform will be critical as policymakers continue implementing new rules to govern the financial markets.”

“DTCC has been a strong public advocate for the tenets of the G20 and Dodd-Frank market reforms, and has worked in partnership with regulators and lawmakers to advance these principles in the best interests of all stakeholders,” said Wetjen. “It was important for me to join a company that shares this commitment and that will continue to be a leading voice in support of policy designed to enhance the stability of the global marketplace.  It also was important for me to join a dynamic organization with a strong leadership team that embraces new technologies and innovations in pursuit of those goals.”

In Europe and Asia, Wetjen will work in partnership with Andrew W. Douglas, Chief Executive Officer of DTCC’s European Trade Repository (DDRL Europe), on outreach to policymakers in the region.

Wetjen previously served as commissioner on the U.S. Commodity Futures Trading Commission (CFTC) from October 2011 to August 2015, including five months as acting chairman in which he managed daily operations, set overall policy direction of the agency and served as a principal on the US Financial Stability Oversight Council. 

During his tenure, Wetjen oversaw implementation of the first trading mandate for certain interest rate and credit default swaps and supported and helped craft over 90 proposed and final CFTC rules and orders implementing Dodd-Frank. He also was sponsor of the CFTC’s Global Markets Advisory Committee.

 

The Financial Conduct Authority’s acting chief executive Tracey McDermott today announced the final appointment to the FCA’s Executive Committee with Georgina Philippou becoming the new chief operating officer.

BNP Paribas Securities Services has finally confirmed that Mark Hillman has been named as head of global client services, a newly created role which he assumed in May this year. 

HSBC Securities Services (HSS) has named Rafael Moral Santiago as its new head of securities services, Europe, responsible for the business across Europe and leading its growth agenda.

 

Investec Asset Management has appointed Matthew Oakley as chief technology officer.

 

GBST, a global provider of securities transaction and fund administration software for the financial services industry, says that Ian Jack has joined it as chief executive officer for its Capital Markets business in the UK.