US clearing giant the Depository Trust and Clearing Corporation has appointed a new head of public affairs in Europe, as post trade infrastructure providers face mounting pressure from regulators to improve the transparency of financial markets in the region.

Andrew Douglas, who most recently head of securities research and development at the Society for Worldwide Interbank Financial Telecommunication, or Swift, has joined the DTCC in a newly-created role to lead public affairs efforts in Europe, according to a company statement.