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DTCC Appoints Roberta Sonenfeld as Managing Director

New York, December 21, 2000 - Roberta Sonenfeld of Ridgewood, N.J. has been appointed managing director-Quality and Business Process Engineering at The Depository Trust & Clearing Corporation (DTCC). In this role, Ms. Sonenfeld will identify strategies and develop programs to increase customer satisfaction and promote efficiencies throughout the organization.

Ms. Sonenfeld has held a number of senior management posts in the financial services industry, including managing director-Global Securities and Client Services at Deutsche Bank/Bankers Trust; division executive and vice president of Worldwide Securities Operations and Technology at Citibank; and as vice president of Securities Processing Operations at Chase Manhattan Bank.

She received her undergraduate degree at Hunter College and holds an MBA in finance from St. John's University. 

About DTCC

The Depository Trust & Clearing Corporation (DTCC), with operating facilities in multiple locations in the U.S. and overseas, is a holding company for six subsidiary businesses - a depository and five clearing corporations - as well as the co-owner with Thomson Financial of a global joint venture called Omgeo. Through its subsidiaries, DTCC provides clearance, settlement and information services for equities, corporate debt, municipal debt, government securities and mortgage-backed securities in the U.S., and emerging markets debt trades globally. It is also a leading clearing house for mutual funds and insurance products, linking funds and carriers with distribution networks. In addition, DTCC provides custody and asset servicing for more than two million securities from the U.S. and 84 other countries. For more information on DTCC, see www.dtcc.com.

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