Macbeth goes amid DTCC management reshuffle

Macbeth replaced after difficult start to EU trade reporting

Stewart Macbeth

Stuart Macbeth has been replaced as chief executive of the Depository Trust & Clearing Corporation's (DTCC) European trade repository, DDRL Europe, after it endured a difficult beginning to mandatory reporting of over-the-counter derivative trades in Europe under the European Market Infrastructure Regulation.

Trade reporting in Europe began on February 12, and Macbeth later admitted at an industry event that DDRL Europe was caught unprepared by the massive influx of new clients needing to be

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