DTCC hires Michael McClain for key roles

The Depository Trust & Clearing Corporation has hired Michael McClain as managing director and general manager of equity clearing. Reporting to managing director and head of clearing agency services Murray Pozmanter, he will lead the equity clearing business and also run strategic initiatives.

Mr. McClain comes from the COO’s chair at the Options Clearing Corporation, where he oversaw technology and operations. He also worked at Accenture and IBM and has served on several boards.