New York Portfolio Clearing, a joint venture of The Depository Trust & Clearing Corporation and NYSE Euronext, has appointed Joseph Benning as chief risk officer and Laura Klimpel as chief compliance officer and counsel, effective June 1 and Aug. 2, respectively.

Prior to joining NYPC, Benning was a director at Moody's Analytics, where he worked with clients in North America, Europe, Asia, and the Middle East, providing training and consulting services in capital markets and derivatives. Before that, he was a Senior Economist at the Chicago Board of Trade, where he invented the Dow Jones CBOT Treasury Index. Other related experiences include serving as a trader, trading desk manager, and national sales manager in both New York and London.

Klimpel comes to NYPC from the New York office of Cleary Gottlieb Steen & Hamilton, where as an attorney she focused on U.S. commodities law regulation, corporate and financial transactions, and recent legislative developments regarding regulation of the OTC derivative markets.