Donald F. Donahue

Donald F. Donahue’s appointment as president and chief executive officer of DTCC became effective August 1, two months after his election by the organization’s board of directors. Jill Considine, who had held the titles and still remains DTCC’s chairman, recommended Donahue’s promotion to the Board, following her decision to relinquish the two titles as part of a long-term corporate succession plan that she introduced.

Both Considine and Donahue will continue to serve as Directors on DTCC’s Board.

When the announcement was made, Considine said, "DTCC's role in the financial securities industry is to ensure safety and soundness in the post-trade clearance and settlement of securities transactions. Considering the critical nature of what we do, it's prudent to have a succession plan that can be phased in and positions the organization for the future. Since 1999, Don has played a major leadership role in helping us seamlessly integrate and streamline the various clearing corporations and depository functions under the DTCC organization umbrella, without any disruption in service to our customers."

Considine also explained that Donahue has been the architect of DTCC’s Business Continuity Plan, which has reinforced DTCC’s telecom network, created multiple data center redundancy and launched the Southern Business Center, which now shares critical operating responsibility for key functions performed by DTCC subsidiaries.

Donahue is a 20-year veteran of DTCC and, previously, The Depository Trust Company (DTC), a DTCC subsidiary. Since May 2003, he has served as DTCC’s chief operating officer. Prior to that, he headed DTCC’s Customer Marketing and Development Division, with responsibility for strategic planning, product development, relationship management, applications development and technology. At DTC, he served as chief information officer and as head of the depository’s Operations Division.

Prior to joining DTC, Donahue was president of two affiliated companies that developed and marketed credit enhancements for municipal securities. Before that, he worked for the Municipal Securities Rulemaking Board, the self-regulatory organization governing the U.S. municipal securities markets.

Aimetti New COO

William B. Aimetti

At the same time as Don Donahue’s election, William B. Aimetti was named DTCC’s chief operating officer. Aimetti had been serving as DTCC’s chief information officer since April 2003. In addition to his appointment as COO, Aimetti is now managing director and COO of NSCC and DTC. He also sits on DTCC’s Executive Committee, which is accountable for the corporation’s overall performance.

Aimetti joined DTCC in July 2000 as a managing director and chief administrative officer, overseeing all operations and quality initiatives of NSCC and DTC. Prior to that, he was associated with Nomura Holdings America, Inc/Nomura Securities International, Inc., where he had been executive managing director – Operations, Technology and Corporate Services. He also served as president and chief executive officer of Nomura International Trust Company, a subsidiary of Nomura Holdings America.

Aimetti also worked for Citibank where, as a division executive, he was responsible for all operations and technology for the North American Global Finance Division. He has served as a key member of the operations divisions of the Securities Industry Association and the New York Clearing House, and was a board member of Cedel (now Clearstream).