US clearinghouse Depository Trust and Clearing Corp. has tapped a financial services technology analyst who also has 25 years of industry experience to be its first managing director for market structure as the DTCC attempts to expand its outreach to the front office.
Robert Hegarty, who will leave TowerGroup and join DTCC on April 13, will be driving the DTCC's push to find new markets and opportunities in the front-office and among trading communities. At the DTCC, he will report to James Leonard, managing director for strategy and marketing.