Interactive Brokers Group, a global brokerage firm, has announced that Michael McClain has joined as Director of Client Operations, North America. Reporting directly to CEO Milan Galik, Michael is based in IBKR’s Chicago office. In this new role, Michael will be focused on the end-to-end strategy for scaling the company’s client services to support the expansion of its business into the future.
Michael is taking over the responsibilities of Andy Naughton, who is retiring. Over his 15-year career at IBKR, Andy has been instrumental in building up the company’s Client Operations capabilities during a period of dynamic expansion.
“We are very fortunate to have someone as capable as Mike assume Andy’s vast range of responsibilities,” said Milan Galik, Interactive Brokers CEO. “Mike is eager to take on the challenge of enhancing our service during a period of explosive growth in a client base ranging from active and professional traders to the casual investors who understand the importance of high quality trade execution and low margin rates.”
Before joining IBKR, Michael was the Managing Director and General Manager of Equities Clearing Business for the Depository Trust & Clearing Corporation (DTCC), specializing in post-trade market infrastructure for the global financial services industry. He was directly responsible for the day-to-day management of equity clearing activities for trades executed on the major U.S. exchanges and other equity trading venues.
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