ANDREW GRAY became Managing Director, Core Product Strategy and Management of DTCC in September 2009. Gray is responsible for overseeing DTCC's core businesses, including U.S. Clearance and Settlement of equities and fixed income products, Asset Services, Wealth Management Services and Insurance & Retirement Services.

Gray was a long-time Merrill Lynch & Co. veteran. Prior to joining DTCC, Gray spent more than a decade with the firm, most recently, serving as managing director and chief operating officer for Merrill Lynch's Latin America and Canadian businesses, where he was responsible for the development and execution of the strategic plans and business growth initiatives for the region. Gray also was responsible for overseeing all support, control and infrastructure functions for the business. In addition to his COO responsibilities, he also served as country executive for the Central American, Andean and Caribbean region.

Before that, Gray served as a managing director in Strategy and Business Development for Merrill's Global Markets and Investment Banking businesses and for Global Securities Research & Economics. In that role, he oversaw market analysis, strategic and business planning and execution and client segmentation analysis for multiple businesses.

Prior to his role on the Strategy and Business Development team, Gray was head of Corporate Planning for Merrill, where he was responsible for firm-wide planning, forecasting and budgeting, analysis and reporting for senior management and the Merrill Lynch Board of Directors. In addition, he served as chief financial officer for major support functions.

Before joining Merrill Lynch in 1998, he was a principal at the management consulting firm Booz-Allen & Hamilton, where he specialized in strategy, technology, organizational redesign and business process redesign for financial services clients around the globe for almost a decade.

At Merrill, Gray was co-leader of Merrill Lynch's Black Professional Network and was a trustee of the Winthrop H. Smith Memorial Foundation, which voluntarily raises funds to help assist Merrill employees who may be experiencing financial hardship. He also serves on the Leadership Council of MIT's Public Service Center, a program that seeks to motivate and facilitate valuable community service work worldwide.

He earned his bachelor's degree in Mechanical Engineering from the Massachusetts Institute of Technology (MIT), where he was a member of the Phi Beta Kappa academic honors society. Gray also received a master's degree in Government Administration from the University of Pennsylvania.