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Depository Trust & Clearing Corp. appoints managing director

Depository Trust & Clearing Corp. announced the appointment of Matthew Stauffer as managing director and head of the institutional trade processing business.

Stauffer will be responsible for integrating the company's middle-office trade processing line and leading new product development.

His appointment is effective June 30.

Stauffer was previously CEO of Clarient Global LLC, which Thomson Reuters Corp. acquired from DTCC in March.