DTCC hires Barclays Hraska in buy-side push

DTCC is hoping to expand buy-side activity within its US Treasury clearing service.

Depository Trust & Clearing Corporation (DTCC) has hired Barclays Jim Hraska to lead its fixed income clearing house, as it looks to expand buy-side voluntary clearing.

Hraska has joined as general manager of Fixed Income Clearing Corporation (FICC), DTCC’s clearing house for US Treasury’s.

He will be responsible for expanding buy-side participation in FICC clearing services and implementing its mortgage-backed securities (MBS) netting and settlement service.

“Jim joins DTCC at a critical time, as the industry looks to further reduce risks and costs across asset classes while retaining the safety and soundness that are paramount to the functioning of the global markets,” says Murray Pozmanter, head of clearing agency services, DTCC.

Hraska previously served as global director of product management at Barclays, specialising in financing, equity derivatives and prime brokerage. He was also a senior vice president for financing, equity derivatives and structure product operations at Lehman Brothers.