The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that Derek West, former Senior Director of Derivatives Oversight at the Quebec Autorité des marchés financiers (AMF), has joined the firm as Executive Director and Chief Compliance Officer for the firm’s European Global Trade Repository (GTR) business.
Mr. West is an internationally recognized expert in derivatives markets infrastructure regulation and joins DTCC following his role at the AMF. While there, he was responsible for drafting and implementing Quebec’s Derivatives Act and regulations, and eight national regulatory projects, including trade repository recognition and reporting rules and mandatory central counterparty clearing rules. He also built a team that was focused on trade repository data aggregation and analysis. Mr. West has participated on regulatory committees and working groups, including participation on several IOSCO (International Organization of Securities Commissions) working groups dedicated to the development of international regulatory standards. Previously, he was Director, Strategic Planning and Development at the National Futures Association in Chicago.
Commenting on the appointment, Andrew Douglas, CEO of GTR Europe, stated, “Derek brings a wealth of compliance knowledge and regulatory experience to DTCC. As the global regulatory environment continues to evolve, he will be a key asset to the firm, our community and the GTR Europe compliance program.”