New York/London/Hong Kong/Singapore, 26 October 2016– The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that Jim Hraska has joined the firm as a Managing Director and General Manager of DTCC’s Fixed Income Clearing Corporation (FICC). Mr. Hraska will be leading FICC’s efforts to continue to reduce risks and costs in the U.S. Fixed Income markets. Specifically, Mr. Hraska will be responsible for activities including, but not limited to, expanding buy-side participation in FICC clearing services, which will increase efficiency and transparency while reducing systemic risk in the U.S. Government Securities market; and implementing the Mortgage-Backed Securities (MBS) Novation initiative, a multi-year project to simplify the MBS netting and settlement process.
↧