More NewsDTCC Appoints Vice President for European Syndicated Loan Business

DTCC Appoints Vice President for European Syndicated Loan Business

The Depository Trust & Clearing Corporation (DTCC) has appointed Mathew Keshav Lewis as vice president to head up its new syndicated loan business in Europe. In this newly created position, he will lead the business development for DTCC’s Loan/SERV product line in Europe. Lewis will be based in London and report directly to Christopher Childs, vice president, Global Loans Product Management, who is based in New York. Lewis comes to DTCC from ACBS/ClearPar, a division of Fidelity National Information Services (FIS) in London, where he served as director of business development and oversaw the sales, product development and relationship management for a variety of loan settlement and trading services. Prior to working at FIS, he was the US sales manager for Computasoft/Dealogic in New York and was responsible for the sales and management of financial software applications for the loan syndication market. Loan/SERV is a new suite of services that will help automate the processing of syndicated commercial loans in both Europe and the US. The DTCC plans to introduce two Loan/SERV products in 2008: a loan commitment position reconciliation service, which will enable agents to reconcile lender positions on individual loans every day, helping both agents and lenders detect errors earlier in the process and prior to cash payments occurring; and an automated, secure communication network through which agent banks can transmit standard loan messages to market participants. The first will be launched in Q308 and the second in Q408.

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