Andrew Douglas quits Swift for DTCC

Andrew Douglas quits Swift for DTCC

Andrew Douglas has quit the Brussels-based banking co-operative Swift to join the Depository Trust and Clearing Corporation, where he will lead the US depository's public affairs efforts in Europe.

In his new position, Douglas has been charged with representing DTCC's public policy positions to EU officials including regulators, central banks and industry associations.

He will be based in London and will report locally to Diana Chan, CEO of EuroCCP, in her capacity as head of the DTCC London Operating Committee.

During his ten-year tenure at Swift, Douglas was instrumental in developing the "Giovannini protocol," which harmonised communication standards among equity post-trade infrastructures in Europe. He was also responsible for the research and development of new business ideas for diverse industry sectors, including insurance, Islamic banking and carbon trading.

Donald Donahue, DTCC chairman and CEO. "With Europe becoming more and more of a focus of DTCC's business activities, we are delighted to have Andrew's vast wealth of experience as we look to work and collaborate with the broad constituencies in the European market."

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