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DTCC names vice president of data business development

The Depository Trust & Clearing Corporation (DTCC) has named Mark Davies as vice president of Data Business Development.

In his new role, Davies will focus on DTCC’s involvement in the Legal Entity Identifier (LEI) program in Europe.

LEI is a global program designed to create and assign identifiers to every financial organization that engages in a financial transaction.

Based in London, Davies will be responsible for strategy and liaison activities in Europe regarding the LEI project.

He will report directly to Ronald Jordan, DTCC managing director and chief data officer, who is based in New York.

Davies joined DTCC from the Royal Bank of Scotland (RBS), where from 2008 he served as head of Reference Data within Shared Services Finance.

Prior to being at RBS, Davies served as the associate director for Shared Data Services at Barclays Capital from 2000 to 2008, managing the group’s central counterparty database.