Michael Winnike

US clearing house Depository Trust & Clearing Corporation ( DTCC ) has appointed Michael Winnike as the managing director of its clearing and securities services ( CSS ), strategy and market solutions department, reporting to Brian Steele, the company’s managing director and president of CSS.

In this newly created role, Winnike will oversee strategic planning for CSS and partner with senior leaders and others to develop a holistic strategy that connects and aligns asset classes and market segments, define strategic objectives and lead key enterprise-wide initiatives.

In addition, Winnike will help identify new market opportunities and support the development of innovative solutions to meet the evolving needs of the clearing house's clients. He will also represent DTCC externally across multiple stakeholder groups.

Winnike has nearly 20 years of industry experience, including, most recently, serving as director of market structure at BlackRock. In this role, he led the firm’s treasury clearing programme and helped define its market structure strategy, and assessed the impact of new financial market regulations on its trading platform, clients, markets and managed trading venue relationships.

In addition, he led development of the asset manager’s clearing strategy, which included evaluating new clearing models and solutions. Winnike is a respected industry thought leader, DTCC says, who regularly speaks on issues related to market structure, clearing and financial regulation.

“Winnike brings his nearly two decades of leadership to shape our strategic direction and will drive initiatives that will deliver significant value to our clients,” Steele says. “In particular, his extensive knowledge and market expertise on treasury clearing will be invaluable as we continue taking steps to support the industry through the transition.”