The Depository Trust & Clearing Corp. has hired Daniel G. Faryniarz as managing director of market structure and industry relations, a new position in which he will work to help identify and develop new front-office and trading opportunities.

Faryniarz, a 20-year veteran of financial services, comes to DTCC from Merrill Lynch, where he was a director in the global rate sales division. He has also worked for Commerzbank Securities, Greenwich Capital Markets, NatWest Capital Markets and Lehman Brothers.

“Danny comes to DTCC at a time of great change and opportunity for the industry and our clients,” said Michael C. Bodson, executive managing director of DTCC. “He is joining a team that will guide DTCC’s strategic direction through outreach to new clients and to new areas at existing client firms, where demand is growing for automated post-trade solutions. Danny’s broad and deep knowledge of customers and their needs, and his understanding of complex derivative products will be an important asset for DTCC as we continue to broaden the markets we serve.”

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