The Depository Trust & Clearing Corporation, a post-trade market infrastructure for the global financial services industry, has appointed Ann Shuman as general counsel, effective Feb. 1.

Shuman, DTCC managing director and deputy general counsel, assumes the general counsel position from Larry Thompson, who is stepping down to serve full-time as vice chairman of DTCC.

In this role, Thompson, who was appointed vice chair in 2015, will continue to lead DTCC’s public policy engagement with key regulators and lawmakers globally, serve as a senior advisor to the firm, and act as a chief spokesperson.

As general counsel, Shuman will be responsible for advising senior management and the DTCC board of directors on legal and regulatory matters. In addition, she will join the firm’s Management Committee and continue to oversee its global legal team. Shuman has been with DTCC since January 2014. Prior to DTCC, Shuman served as managing director and deputy general counsel of CME Group. Before joining CME in 2000, she was an attorney at Sidley & Austin in Chicago.