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New York Portfolio Clearing Appoints New COO

New York Portfolio Clearing (NYPC) has appointed Ira Krulik as its new COO and Kevin Murray as director of business operations, effective July 12 and June 1, 2010, respectively. NYPC, a joint venture of The Depository Trust & Clearing Corporation (DTCC) and NYSE Euronext (NYX), is a US futures clearing organization.

With more than 30 years of experience as a futures industry specialist, Mr Krulik joined NYPC from Credit Suisse, where he most recently served as the co-head of the futures sales and marketing team in the PrimeServices division. He previously was employed by Merrill Lynch.

Prior to joining NYPC, Mr Murray was a director of North America clearing operations at UBS Securities, where he was responsible for all clearing, delivery and reconciliation functions. Before that, he held a similar position at ABN AMRO. He started his career with Merrill Lynch.

Walter Lukken, CEO of NYPC, said: “Ira and Kevin’s demonstrated ability to drive change and effectively collaborate with the industry’s leading players make them ideal candidates to manage operations for NYPC.

“Their proven leadership and experience at several of the world’s leading financial services companies provide additional insight into the challenges and expectations of our members. Together, they will help NYPC fulfill its mission to deliver needed competition and powerful capital efficiency to the US futures market.”