DTCC Appoints Former US Ambassador Lafleur As Special Advisor

By Manik Mehta NEW YORK, June 7 (Bernama) -- The Depository Trust & Clearing Corporation (DTCC) has appointed former US ambassador to Malaysia Christopher J. LaFleur as Special Advisor for Government Relations and Regulatory Outreach in the Asia Pacific region. LaFleur will help establish and manage the company’s political and policy relationships with sovereign legislatures, regulatory agencies and other governmental bodies across the Asia Pacific region. He will report to Dan Cohen, Managing Director and Head of DTCC's Government Relations group. In a statement Tuesday, Cohen said: "Chris LaFleur's four decades of service as a diplomat and his experience as an ambassador representing the US in the Asia Pacific region will be invaluable as DTCC expands our business globally to meet the growing post-trade needs of regulators and market participants. "His years of service in the region, especially in Japan, along with his in-depth knowledge of the financial services community, will help us further raise awareness of the critical role that DTCC plays in global financial markets." Commenting on his appointment, LaFleur said he was excited by the opportunity to "utilise my background in the foreign service as well as the financial world to expand collaboration and dialogue between the DTCC and regional governments as new financial regulations are developed across Asia". LaFleur served as Ambassador to Malaysia from 2004 to 2007 and was Vice Chairman and Head of Government Relations and Corporate Responsibility at JP Morgan Japan from 2008-2011. Prior to that, he held a wide variety of senior US Foreign Service positions managing diplomacy with Asia, including as Director of the State Department's Office of Vietnam, Laos and Cambodia, Deputy Director of the American Institute in Taiwan, Minister and Deputy Chief of Mission at the US Embassy in Tokyo and Principal Deputy Assistant Secretary of State for East Asian and Pacific Affairs. Through multiple operating facilities and data centres around the world, DTCC and its subsidiary companies automate, centralise, and standardise the processing of financial transactions for thousands of institutions worldwide. With almost 40 years of experience, DTCC projects itself as the premier post-trade market infrastructure for the global financial services industry, simplifying the complexities of clearance, settlement, asset servicing, global data management and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, derivatives, money market instruments, syndicated loans, mutual funds, alternative investment products, and insurance transactions. -- BERNAMA