McClain to lead DTCC’s equity clearing business
Michael McClain has worked at the Options Clearing Corporation for the past 16 years
Michael McClain has joined the Depository Trust & Clearing Corporation (DTCC) as managing director and general manager of its equity clearing business.
He will report to Murray Pozmanter, managing director and head of clearing agency services at the post-trade services company.
Chicago-based McClain joins the DTCC from the Options Clearing Corporation (OCC), an equity derivatives-clearing firm, which he joined in 2001.
Most recently, he was chief operating officer at the OCC, overseeing the
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