Sep 15, 2017
• DTCC Connection
New Leadership Takes the Reins of DTCC’s Global Trade Repository in APAC
By Joseph King
As DTCC continues to expand its Global Trade Repository (GTR) business and identify new opportunities to support its clients in the APAC region, the firm has appointed Oliver Williams, Executive Director, as the Head of DTCC Data Repository (Singapore) Pte. Ltd. (DDRS), with oversight of activities in the region. He will also sit on the DDRS Board of Directors.
Seiji Ryusekido, Managing Director, will continue to manage the business in Japan and maintain his role as Asia Regional Head of Derivatives. Williams, who previously served as Asia Regional Head of GTR Product Management, brings considerable experience to his new position, having contributed significantly to the GTR’s business development and relationship management efforts with external clients and regulators in the region.
“These appointments reflect DTCC’s strong commitment to our APAC stakeholders,” said Chris Childs, Managing Director, Deriv/SERV CEO. “We are committed to expanding our support for our APAC clients to help reduce risks and costs associated with trade reporting. Seiji and Ollie understand the marketplace very well and have the right experience to drive innovation as we execute our business development plans in the region.”
DTCC Data Repository (Singapore) Pte. Ltd. (DDRS) is the only locally licensed trade repository in Singapore, licensed by Monetary Authority of Singapore (MAS) in 2013 and Australian Securities & Investments Commission (ASIC) in 2014. DDRS provides reporting services to parties who have obligations under MAS and ASIC to report derivatives contracts. As the only locally licensed trade repository, DDRS with dedicated and experienced people on the ground, has been closely working with the industry and regulators since the inception of trade reporting business in the APAC region, in order to achieve the missions of important financial market infrastructure. This appointment reflects an ongoing commitment to this strategy.
To learn more about DTCC Data Repository (Singapore) Pte. Ltd. (DDRS), click here.