DTCC makes second hire in bid to woo trading community

The Depository Trust & Clearing Corporation (DTCC), the US’s central clearing provider, has appointed Daniel G. Faryniarz, a former Merrill Lynch executive with experience in fixed income and derivatives sales, to the newly-created position of managing director, market structure and industry relations.

In his new role, Faryniarz will help lead DTCC’s efforts to identify and develop new market opportunities in the front-office and trading communities. His appointment closely follows the announcement of DTCC’s hiring of Robert Hegarty, formerly of research and consulting firm TowerGroup, to a similar position at the end of March. Like Hegarty, Faryniarz will report to James Leonard, DTCC’s managing director of strategy and marketing.