DOUGLAS J. GEORGE is Managing Director and Chief Risk Officer, responsible for DTCC’s Enterprise Risk Management efforts, which include management of credit and market risk associated with all DTCC subsidiaries’ clearing, settlement and depository activities; and assessment of the operational and strategic risk issues for DTCC. He also oversees the planning of new technology to support enterprise-wide risk analysis and the development of new strategies to mitigate risk for DTCC and its member firms.

Prior to joining DTCC, George served as Managing Director and head of Payment Systems Risk Management for Citigroup, Inc., a position he held since 1996. In this capacity, George oversaw the development of a firm-wide program for identifying, measuring, monitoring and managing Citigroup’s credit, legal, market, operational, sovereign and cross-border risks associated with the firm’s membership or participation in nearly 600 exchanges, depositories, clearinghouses and payment systems worldwide.

At Citigroup, George was a founding Board member of CLS Group Holdings, A.G. and CLS Bank International, which oversees the world’s largest foreign exchange payment system.

Prior to Citigroup, George was with the Chase Manhattan Corporation for 25 years. From 1986 to 1996, he was Senior Vice President and Chief Credit Officer for Geoserve, a division of Chase that included Treasury Management, Global Securities, Corporate Trust, Securities Lending and Trade Finance services. During this period, George also served as Vice Chairman of Chase’s New Products Approval Committee (1995-1996) and as a member of Chase’s Credit and Risk Management Committee (1991-1996).

George graduated from New York University with a B.A. in Accounting. He also completed his M.B.A. at NYU’s Graduate School of Business (with honors), following three years of military service in the United States Army as a First Lieutenant.