Wrexham, Wales, July 6, 2016 – The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the launch of a new initiative with partner Coleg Cambria, one of the U.K.'s largest colleges, to support the recruitment of apprentices in the North East Wales area. The joint ‘Summer Academy Programme’ will run for a four-week period commencing July 19 through August 11, at which point ten successful candidates will join the 2016 ‘DTCC Europe Academy–Apprenticeship Programme’ starting in September.
“North Wales is a great place to do business – with talented individuals, a strong student population and a supportive community”, said Paul Barlow, Site Lead at DTCC Wrexham and Chief Operating Officer of Avox Data Services. “As testament to this, we have grown more than ten-fold since we opened our Wrexham office over a decade ago, to 550 staff. A third of these new employees have come through Coleg Cambria and the local university, and we look forward to welcoming the successful applicants to DTCC in the not too distant future.”
An apprenticeship is a nationally–recognised training programme that combines real-life work experience with study. DTCC Apprentices will develop technical skills, working alongside experienced staff, and study towards a vocational qualification, while improving their Math, English and ICT skills, over a period of one-to-two years. In effect, the apprentice is ‘earning and learning’. DTCC Apprentices will attend classroom sessions at Coleg Cambria one day per week for 34 weeks each year, and will follow a structured scheme of learning.
David Jones O.B.E., Principal and Chief Executive of Coleg Cambria, said, “Today’s news is great for DTCC and the community: investing in the future of its Wrexham workforce provides DTCC with a strong pipeline of extremely skilled staff, while contributing to the ongoing economic regeneration of the borough and surrounding areas provides local young people with essential life-changing opportunities. Training people presents opportunities for DTCC to develop specific skills required to maintain the significant growth the firm has experienced in recent years, and Coleg Cambria is happy to play its part in this crucial initiative.”
“Developing future talent is our passion at DTCC. That’s why we regularly take part in career fairs at Coleg Cambria, where we help students with essential employment skills, such as the writing of C.V.s as well as successful interview tips and techniques. We also get involved in other events, including National Apprenticeship Week, Responsible Business Week and Volunteer Week”, said, Tracy Travers, HR Director (EMEA), DTCC. “Right now, we’re looking for focused and motivated individuals who want to learn valuable skills while they work and earn. Good luck to everyone who’s involved!”
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With over 40 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From operating facilities, data centers and offices in 16 countries, DTCC, through its subsidiaries, automates, centralizes, and standardizes the post-trade processing of financial transactions, mitigating risk, increasing transparency and driving efficiency for thousands of broker/dealers, custodian banks and asset managers worldwide. User owned and industry governed, the firm simplifies the complexities of clearing, settlement, asset servicing, data management and information services across asset classes, bringing increased security and soundness to the financial markets. In 2015, DTCC’s subsidiaries processed securities transactions valued at more than US$1.5 quadrillion. Its depository provides custody and asset servicing for securities issues from over 130 countries and territories valued at US$45.4 trillion. DTCC’s global trade repository maintains approximately 40 million open OTC positions and processes roughly 280 million messages a week. To learn more, visit us at www.dtcc.com or follow us on LinkedIn, Twitter and YouTube.