Wotton to be responsible for product development and strategy
New York / London / Hong Kong / Singapore – 3 May, 2017 – The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that Valentino (Val) Wotton has been appointed Managing Director, DTCC Deriv/SERV, effective August 29, 2017. In this role, Mr. Wotton will be responsible for product development and strategy, reporting to Chris Childs, President & CEO of DTCC Deriv/SERV.
Prior to DTCC, Mr. Wotton served as Head of Post Trade Services and Europe Operations at Barclays. There, he was responsible for the implementation of a strategic global operational model to provide improved service capabilities to clients and internal businesses as well as the design and delivery of an enhanced strategic architecture to achieve automation, process improvement and risk management objectives. Previously, he held several roles at Citigroup. During his career, Mr. Wotton has served on a number of Boards and committees, including DTCC’s Deriv/SERV Board, LCH OTC Deriv Net, and the International Swaps & Derivatives Organization’s (ISDA) Market Infrastructure & Technology Committee.
Commenting on Mr. Wotton’s appointment, Mr. Childs said, “As a recognized derivatives and operations expert, Val brings decades of experience and deep insights to DTCC. His expertise will be critical as we continue to enhance all of our derivatives products and services to meet the evolving needs of our global client base. With the industry and regulators focused on automation as a means to increase market transparency, we look forward to Val’s contributions as we look for new opportunities to grow our support for the industry.”
Mr. Wotton added, “Over the years, I have been able to gain unique insights into DTCC’s derivatives repositories, working alongside my fellow Deriv/SERV Board Members to advise on future product strategy. DTCC has been a key enabler of increased visibility into the derivatives markets, and I look forward to helping the firm continue to innovate around automation, standardization and utilization, while ensuring that our services enable clients to meet their regulatory mandates.”
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 connect with us on LinkedIn, Twitter, YouTube and Facebook.