The Depository Trust & Clearing Corporation (DTCC) has hired former Swapswire COO Bill Stenning to drive expansion of its automated services in the OTC derivatives market.
DTCC has appointed Stenning as vice president for business development, based in London.
Stenning was chief operating officer of the dealer-backed electronic confirmation network SwapsWire when it launched in 2002.
He joins DTCC from SunGard where he was most recently managing director of trading and risk systems.
Stenning has also worked on both buy and sell-side markets for Chase Manhattan Bank and Cargill Financial Markets.
In his new role, Stenning will be involved in advancing DTCC's automated services expansion strategy for the OTC derivatives market and will report to Peter Axilrod, MD, business development, DTCC.