DTCC elects three to board of directors

The Depository Trust & Clearing Corporation (DTCC), which provides post-trade market infrastructure for the global financial services industry, named three new members following their election to its board of directors. The new appointments bring the total number of directors on the board to 19.

• At JPMorgan, Lester Owens is managing director and global head of wholesale banking operations, managing wholesale banking operations globally. He is a member of the PayCo board of The Clearing House Payments Company and was recently inducted into the executive leadership council (ELC).

• At Bank of America Merrill Lynch, Paul Simpson is managing director and global head of equity asset management services, responsible for multiple global markets businesses including equity and foreign exchange prime brokerage, stock loan, swaps, global custody and agency services, futures and options, and OTC clearing. Among other board memberships, he recently was asked to join the board of the Managed Funds Association (MFA).

• At ED&F Man Capital Markets Inc., Joseph Weinhoffer is treasurer and chief investment officer, responsible for firm financing, capital management, bank relationships, investing client segregated assets and supervising fixed income trading. He is the founder of a number of financial services businesses.