The Depository Trust & Clearing Corporation has hired Randy Grespin as managing director for distribution services. Grespin will be responsible for insurance services and mutual funds, filling the shoes of Walter Siebecker, who has left the firm to pursue other interests.

Grespin, who reports to Dennis Dirks, COO of DTCC, most recently served as EVP for business services at BISYS's life insurance and annuity area. Prior to that, he had been president of The Underwriters Group, which was acquired by BISYS in 1996.

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