The Depository Trust & Clearing Corporation has hired James Odell, a veteran of the financial services industry, as First Deputy General Counsel. He reports to Larry Thompson, managing director and general counsel.

Odell, who brings more than 25 years of legal expertise in the financial services industry, will serve as the primary legal advisor to the general counsel and the lead legal advisor to DTCC's senior business leaders. In this capacity, he will work with the general counsel in managing the legal department as well as outside legal. He will become a key member of DTCC's legal team, collaborating in the full range of strategic, business development, asset protection, reputational, legal, and operational management issues for the company.

From 2005 to 2010, Odell was general counsel, Americas of UBS Investment Bank, where he managed UBS's legal and compliance staff for its Investment Bank in the Americas and for all of the bank's businesses in Latin America. Odell also coordinated M&A support for all significant UBS purchase and sale activity in the Americas region and played a key role in advising on U.S. securities disclosure issues and UBS financing activity.

In 2008, he served on the Treasury/Federal Reserve Wall Street crisis management team, which was charged with reviewing alternatives to the Lehman bankruptcy, the sale of Merrill Lynch, the preliminary restructuring steps for AIG and establishing emergency financing facilities for the industry.

Prior to UBS, Odell was global general counsel of Investment Banking for Citigroup's Investment Bank, responsible for supervising the overall provision of legal services to the investment banking department globally and managing all outside counsel engagements and relationships. Earlier in his career, he served as partner in law firms O'Melveny & Meyers, and Jones, Day, Reavis & Pogue; and as a senior associate at Simpson Thacher & Bartlett.