DTCC Hosts Americas’ Leadership Forum with Global Participation
DTCC recently hosted a three-day Leadership Forum. Participants included more than 50 executives from 25 market infrastructures that are members of the Americas’ Central Securities Depositories Association (ACSDA), as well as seven delegates from depositories in the Asia-Pacific region, the Middle East and Europe.
The first-of-its kind program, which had simultaneous Spanish/English translation, was designed to facilitate an in-depth information exchange. The agenda included 22 DTCC executives, who presented case studies on their areas of the business, along with 22 executives from the ACSDA markets, who spoke about clearing, settlement, risk management and depository links in their organizations. Outside speakers covered topics such as the U.S. regulatory and compliance environment and payment systems. The program, held October 8-10, included visits to the New York Stock Exchange and the Federal Reserve Bank of New York.
“This forum was a tremendous opportunity to build practical knowledge, share experiences and gain insight from counterparts in the Americas and across the globe,” said Monique Moura de Almeida, head of the Development Division at the Brazilian Clearing and Depository Corporation (CBLC). “Through our active dialogue, we identified many common challenges across markets, and came away with a better understanding of the issues we face in our fast-changing industry. The event was inspirational, as well as educational and informative.”
In welcoming remarks to the group, Mary Ann Callahan, DTCC managing director, International, and president of ACSDA, noted that the forum “created a special opportunity for all of us to interact as industry colleagues and potential business partners.”
Speakers from DTCC included Donald F. Donahue, DTCC chairman and CEO. “Growth is a key issue for all of us,” he said to the group. “While the U.S. and Canadian markets have continued to grow, markets throughout Latin America have exploded with activity. Latin economies have matured to the point where they continue to hold and expand Latin capital. Taken together, the economies of all the Americas constitute a powerhouse. That’s why this gathering through ACSDA is so important.
“You are part of the new wave of leadership,” Donahue added, “and the new talent and imagination the industry is looking for.”
William Aimetti, DTCC’s COO, gave an overview of trends in global capital markets and how DTCC is responding to them. In closing the forum, Jill Considine, DTCC senior advisor and former DTCC chairman and CEO, said, “ACSDA has demonstrated wonderfully that it can open lines of communication, build a basis of trust, develop dialogue throughout the industry, and deepen our understanding of industry challenges.”
ACSDA at Sibos
The Leadership Forum was scheduled the week after the annual Sibos meeting (see page 7), where ACSDA took the opportunity to raise its profile globally. ACSDA representatives participated in the annual Market Infrastructures Forum, circulated a special Sibos edition of the ACSDA newsletter with updates from all 22 member depositories and made a presentation about the association’s activities that was open to all Sibos participants. In addition, ACSDA representatives from DTCC, Indeval in Mexico and CBLC Brazil represented the Americas in the Global Securities Market Practice Group’s standards meetings. @