DTCC Names Douglas as CEO of European Trade Repository

The Depository Trust and Clearing Corporation (DTCC) has named Andrew Douglas chief executive of its Global Trade Repository (GTR) Europe.

He will take up the role in addition to his current responsibilities as head of Government Relations for Europe and Asia.

“As CEO of GTR Europe, Andrew will lead day-to-day operations with responsibility for all aspects of the European business, including product development, regulatory outreach and strategy,” the DTCC says in a statement.

Douglas replaces Ian McLelland, who stepped down from the role in the first quarter this year.

DTCC launched GTR Europe in 2014 in the wake of trade reporting rules for derivatives, set out in the European Markets Infrastructure Regulation (EMIR).