The Depository Trust & Clearing Corporation (DTCC) has appointed Andrew Douglas to lead its Public Affairs efforts in Europe.
According to a company statement: “Douglas will play a key role in representing DTCCs public policy positions to officials of the European Union and its Member States. He will also represent DTCC in dealings with other European organisations, such as regulators, central banks and industry associations.”
Douglas joins DTCC from the Society for Worldwide Interbank Financial Telecommunication (SWIFT), where he most recently served as head of that Belgium-based cooperatives Securities Research and Development Team.
During his tenure at SWIFT, Douglas helped develop the Giovannini protocol, which aimed to harmonize communication standards among equity post-trade infrastructures in Europe.
Andrew brings more than 20 years of experience in the global securities industry and has established close working relationships with European governmental, regulatory and institutional communities, said Donald F. Donahue, DTCC chairman and CEO. With Europe becoming more and more of a focus of DTCCs business activities, we are delighted to have Andrews vast wealth of experience as we look to work and collaborate with the broad constituencies in the European market.
Prior to joining SWIFT in 1999, Douglas spent two years as head of the middle office and client service teams for fixed income and money market products at Deutsche Banks investment bank, where he led initiatives aimed at eliminating the traditional investment banking vertical product focus. He began his financial services career in 1988 at Citibank, where he worked in the clearing and custody business and created and ran a team that sold Citibanks South American sub-custody services to European banks. He was also in charge of the client service that supported Citibanks European global custody and clearing businesses and its UK domestic custody operation.
Global Custodian recently inducted Douglas into its Securities Services Hall of Fame in honour of his outstanding contributions to the securities services industry. He was also nominated for an award for Best Personal Contribution for Operational Excellence by ISITC Europe in 2006.