DTCC Adds Wotton as Managing Director

Wotton, who will officially take over the role in August, will be responsible for product development and strategy. He is the first person to be appointed managing director.

DTCC Deriv/SERV offers automated repository and asset servicing for over-the-counter (OTC) credit derivatives trading for dealers and buy-side firms.

Chris Childs, president and CEO of DTCC Deriv/SERV, said Wotton brings experience and insights gained through the years as the company seeks new growth opportunities to support the market.

“His expertise will be critical as we continue to enhance all of our derivatives products and services to meet the evolving needs of our global client base,” Childs said. “With the industry and regulators focused on automation as a means to increase market transparency, we look forward to Val’s contributions as we look for new opportunities to grow our support for the industry.”

Wotton previously served as head of post-trade services and Europe operations at Barclays, where he was responsible for implementing service capabilities in a strategic global operational model. Prior to Barclays, he was with Citigroup. His association with DTCC Derv/SERV includes a stint as a member of the board of the company. He also served on the boards of LCH OTC Deriv Net and the Market Infrastructure & Technology Committee of the International Swaps & Derivatives Association.