Jan Hoenisch Moves from Charles River to DTCC

The Depository Trust & Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term Corporation (DTCC) has hired Jan Hoenisch as an executive director, business architecture earlier this month, according to market sources.

Hoenisch moved to the New York-headquartered post-trade financial services firm from State Street owned OMS provider Charles River Development (CRD), where he served as global head of strategic partnerships for more than eight years.

In this role, he was responsible for developing business and technology solutions to create revenue growth

Hoenisch's career began as a systems engineer at Lockheed Martin in 1994.

He was a senior system architect and founder of Image Data and chief technology officer and founder of ElephantX Dot Com and ESP Technologies later.

Hoenisch also spent more than one year at financial services firm ITG, where he worked in platform product strategy and ITGnet product management, before moving to Charles River in 2012.

DTCC

From operating facilities, data centers and offices in 16 countries, DTCC, through its subsidiaries, automates, centralises, and standardises the processes of financial transactions, mitigating risk, increasing transparency and driving efficiency for brokers/dealers, custodian banks and asset managers.

In 2017, DTCC’s subsidiaries processed securities transactions valued at more than $1,61 quadrillion. Its depository provides custody and asset servicing for securities issued from 131 countries and territories valued at US$57.4 trillion.

DTCC’s Global Trade Repository service maintains about 40 million open OTC positions per week and processes over one billion messages per month through its group of licensed trade repositories.