The Depository Trust & Clearing Corp. (DTCC) has appointed Noel Donohoe to the newly created position of executive managing director and group chief risk officer.

The press release from the firm stated that Donohoe will work with current senior management in to formulate and implement an overall risk management strategy.  

He will also oversee DTCC’s enterprise risk management, operational risk management, and systemic risk teams.

Donohoe previously served as global head of product control at Credit Suisse. The hiring will be effective in August.

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