New York Portfolio Clearing (NYPC), the US futures clearing joint venture between the Depository Trust & Clearing Corporation (DTCC), the US post-trade services utility, and exchange group NYSE Euronext, has added to its management ahead of its Q3 launch.
Ira Krulik joins NYPC as chief operating officer from Credit Suisse, where he was co-head of the futures sales and marketing team in the firm’s PrimeServices division. He also helped to develop the agency clearing division and manage the financial futures and options client service team at Merrill Lynch. Krulik will join NYPC on 12 July.
Kevin Murray, formerly director of North American clearing operations at UBS Securities, joins the NYPC as director of business operations effective 1 June. At UBS, Murray was responsible for all clearing, delivery and reconciliation functions.
He has also held a similar position at ABN AMRO.
“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,” said Walter Lukken, CEO of 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.”
NYPC is currently under regulatory review ahead of its launch later in the year.