EuroCCP: Management Team

Diana Chan

Chief Executive Officer

Chan most recently served with Citi in London as Managing Director for Market Strategy, Global Transaction Services EMEA (Europe, Middle East and Africa) and global head of Market Policy for Securities and Fund Services, a position she assumed in 2005. She also has worked with Citi in Paris as Managing Director for Direct Custody and Clearing, in New York as global product manager for Securities Services, Broker Dealers and Emerging Markets, and in Singapore as regional product management head, Securities Services, Asia.

Prior to joining Citi, Chan worked between 1982 and 1997 for JP Morgan and Bank of New York in Singapore and New York, as well as with Euroclear (then part of JP Morgan) in Brussels. At Euroclear, she served as product manager for the U.K. and Asia, manager in Strategic Research, and head of Management Information and Profitability Analysis. From 1977 to 1979, she worked as an account executive for Computer Processing Services Ltd., in Hong Kong.

Chan is a graduate of the University of Hong Kong where she majored in social sciences. She earned a master’s degree in business administration (MBA) from Harvard Business School.

In 2003, she was personally invited to join the European Central Bank’s Contact Group for Euro Securities Infrastructure (COGESI), making Citi the only American bank to have a seat in the group. She is also a member of the European Commission’s Clearing and Settlement Advisory and Monitoring Expert Group (CESAME), and the European Central Bank’s TARGET2 Securities Advisory Group. She has well-established relationships with senior management of the European Commission, the European Central Bank, FSA, Bank of England, HM Treasury and Committee of European Securities Regulators (CESR).

Trevor Spanner

Chief Operating Officer

Prior to joining EuroCCP, Spanner was Managing Director, European head of Transaction & Custody Services for Merrill Lynch until 2006. He was responsible for the process management and delivery of post-trade services and managed 550 people across the region. From 2001 Spanner led a number of key strategic projects, including the development and implementation of core infrastructure and technology platforms.

Before joining Merrill Lynch, he worked from 1996 to 2001 for UBS as Managing Director within their Global Operations and Logistics division. Following the merger of Swiss Bank Corporation and UBS, he managed 1,300 people across three regions, and was responsible for service delivery of securities and exchange traded derivatives. Throughout his career, Spanner has been proactively involved in the development of market infrastructure, serving as a board member of London Clearing House from 2003 - 2004 and on several advisory committees and boards.

From 1994 through 1996, he was head of Operations in London for Deutsche Bank, and from 1990 to 1994 was Director of Operations for Swiss Bank Corporation. Prior to this he held management positions at NatWest Markets and began his career as an auditor with accounting firms Dearden Farrow and Ernst & Whinney.

He graduated with a bachelor's degree from the University of Kent in the U.K. and is a Chartered Accountant (ACA).

Michael Kopcak

Sr. Risk Director
+44 (0)20 7650-1560

Michael Kopcak is the senior director for Risk for EuroCCP, a position he was named to in 2007.

He brings 15 years of industry experience to the position, including 10 years within clearance and settlement. As director of Credit & Market Risk for DTCC since 2001, he has been responsible for managing the market and credit risks of DTCC. Mr. Kopcak has developed and re-engineered risk processes, models, and systems for National Securities Clearing Corporation (NSCC), a DTCC subsidiary and the Government Securities Division (GSD) of the Fixed Income Clearing Corporation and was the author of a DTCC white paper highlighting the risks created by pre-netting and compression of clearance data.

Mr. Kopcak has also held positions at Goldman Sachs & Co., and Muriel Siebert & Co. He earned a B.A. in English Literature and a M.B.A in Finance and Information Systems from Fordham University.