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DTCC Executive Re-elected President of Americas' Central Securities Depositories Association
Lima, Bogota and New York, March 24, 2009 - The Americas' Central Securities Depositories Association (ACSDA) has announced that Mary Ann Callahan was re-elected President at its 2009 General Assembly, hosted in Lima, Peru, by CAVALI I.C.L.V. in late February. Callahan is Managing Director, Global Relations and Development, at The Depository Trust & Clearing Corporation (DTCC).
"Since being established in Lima in 1999, ACSDA has been instrumental in helping its members gain a global view of the world’s capital markets and the key role that infrastructures play in risk management and operational efficiency,” said Francis Stenning, Chairman and CEO of CAVALI and host of the 2009 General Assembly. "We are pleased to have Mary Ann continue on as our President and share in her commitment to promote ACSDA and its initiatives both within the region and globally.”
Other ACSDA officers re-elected were Jorge Hernán Jaramillo Ossa, Chief Executive Officer (CEO) of Deceval, S.A., Colombia, as ACSDA Vice President; Francis Stenning, Chairman and CEO of CAVALI Peru, as Treasurer, and Héctor Anaya Doll, CEO of S.D. Indeval Institución para el Depósito de Valores S.A. de C.V., Mexico as Working Committee Chair. A majority of ACSDA’s 10-member Executive Committee were also re-elected, with one new member, Iván Díaz, joining from Latin Clear, Panama. The Executive Committee also welcomed Luiz Felipe de Carvalho Paiva, a new representative of BM&FBOVESPA, Brazil, succeeding former ACSDA President Amarílis Prado Sardenberg.
Callahan will serve a two-year term along with other committee members. Other Executive Committee members reelected were: Fernando Yáñez González, General Manager of DCV, Chile, Monica Singer, CEO, Strate, South Africa, Mark Weseluck, Chief Business Development Officer, The Canadian Depository for Securities Limited, and Juan Carlos Falabella, Secretary Director, Caja de Valores, S.A., Argentina. ACSDA’s leadership team also includes Executive Secretary, Bruce Butterill, based in Bogota, Colombia.
ACSDA announced that DTCC will host ACSDA’s 2010 General Assembly in Tampa, Florida, next March.
The association will also open registration in April for the ACSDA Leadership Forum (ALF), an intensive training program, which Chile’s depository, DCV, will host in Santiago from October 6 to 9, 2009. The ALF forum will feature current CSD case studies and aims to promote extensive sharing of product and operational information among the attendees
"DTCC remains committed to our leadership role and active participation in ACSDA, and its important initiatives that promote greater cooperation in the region” said Donald F. Donahue, Chairman and Chief Executive Officer, DTCC. “We are honored that Mary Ann was named to serve, once again, as the association’s President. DTCC also looks forward to hosting the 2010 General Assembly in Tampa, with a very active agenda that will promote a closer dialogue among our infrastructure colleagues into the next decade.”
Callahan is a respected industry leader in the international financial community and plays a key role in cultivating DTCC’s strategic business relationships with other market infrastructures. She acts as DTCC’s representative on global committees focused on market infrastructure initiatives, global standards and straight-through processing.
“With my esteemed ACSDA colleagues, I am honored to continue pushing our organization’s mandate forward as a regional forum contributing to the safety, soundness and efficiency of the post-trade infrastructure globally,” said Callahan. "We’ve accomplished a great deal in the past two years, most notably the completion of major surveys on financial industry legislation, corporate actions and depository services for issuers and operational risk management across the region. Given the current market environment, we expect a very busy 2009 as we collaborate and reinforce our authoritative voice on important global issues”
Information on the surveys is available on the ACSDA website, www.acsda.org.
About ACSDA
Headquartered in Lima, Peru, Americas’ Central Securities Depositories Association www.acsda.org, is a non-profit organization whose membership comprises 25 depositories and clearing organizations from 30 countries: Argentina, Bermuda, Barbados, Bolivia, Brazil, Canada, Chile, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Jamaica, Mexico, Nicaragua, Panama, Peru, South Africa, Trinidad & Tobago, United States, Uruguay, Venezuela and 8 countries of the Eastern Caribbean. The association’s Secretariat is managed by former ACSDA President Bruce Butterill in Bogota, Colombia, who can be reached at bbutterill@acsda.org.
ACDSA regularly liaises with other industry organizations worldwide, including its counterpart depository associations in Asia, Europe, Africa and the Middle East and Eurasia; the International Securities Services Association (ISSA), the Association of Global Custodians, Ibero-American Stock Exchange Federation, the World Bank, Inter-American Development Bank, and legal forums such as the Hague Securities Convention and UNIDROIT.
About DTCC
The Depository Trust & Clearing Corporation (DTCC), through its subsidiaries, provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with financial firms and third parties who market these products. DTCC's depository provides custody and asset servicing for more than 3.5 million securities issues from the United States and 117 other countries and territories, valued at $27.6 trillion. Last year, DTCC settled more than $1.88 quadrillion in securities transactions. DTCC has operating facilities in multiple locations in the