Executive Chairman, DTCC

Robert Druskin is Executive Chairman of DTCC and its Board and Chairman of the Executive Committee.

Druskin was Lead Director of E*Trade from May through December 2009, interim Chief Executive Officer from December 2009 to March 2010, and Chairman of the Board from December 2009 to March 2011.

Previously, Druskin spent nearly 16 years at Citigroup and its predecessor companies in a number of senior executive positions across the organization, including Chief Operating Officer and Member of the Office of the Chairman of Citigroup. He also spent four years at Citi's Global Corporate and Investment Banking division, the last three as Chief Executive Officer.

Druskin was with Salomon Smith Barney (and previously Smith Barney) for nine years and held a number of senior positions, including Chief Administrative Officer. Prior to joining Smith Barney, he was Chief Financial Officer of Shearson Lehman Brothers.

President and Chief Executive Officer, DTCC; President and Chief Executive Officer of DTC,
FICC and NSCC

Michael C. Bodson is President and Chief Executive Officer of DTCC. He is also President and Chief Executive Officer of DTCC's principal operating subsidiaries, DTC, FICC and NSCC, and a member of DTCC's Board.

In his prior position as DTCC's Chief Operating Officer, Bodson had enterprise-wide responsibility for all information technology and operations, and oversaw DTCC Deriv/SERV LLC and EuroCCP.

Bodson joined DTCC in 2007 as Executive Managing Director for Business Management and Strategy. Prior to this, he held a number of senior management positions with Morgan Stanley over a 20-year period. In his last position at Morgan Stanley, Bodson was Global Head of the Institutional, Retail and Asset Management Operations Department. He previously served as Divisional Operations Officer for the Institutional Securities Group and Head of the Enterprise Information Group. He served as Head of Finance, Administration and Operations for Morgan Stanley Japan in Tokyo, and prior to that held similar responsibilities for Morgan Stanley Asia in Hong Kong.

Chief Information Officer and Head of Technology and Operations for Global Wealth and Investment Management, Bank of America Merrill Lynch

Mark Alexander is Chief Information Officer and Head of Technology and Operations for Global Wealth and Investment Management (GWIM) at Bank of America Merrill Lynch. He has previously run a range of functions and businesses, including Global Operations for Merrill Lynch, GWIM Business Infrastructure and Controls, Broadcort Clearing, the GWIM Direct Division, and numerous leadership roles in Operations/Client Services in support of Global Markets and GWIM based in the U.S. and London.

Alexander joined Merrill Lynch in 1991 after working at Deloitte & Touche for seven years, where he was a Manager of auditing and consulting engagements for financial services companies.

Alexander currently serves as the Presiding Director on the Board of DTCC, where he also chairs the Governance Committee, and is a member of the Executive and Compensation/Human Resources Committees. Alexander has also served on the boards of Euroclear, LCH.Clearnet, the European Securities Clearing Corporation, the Government Securities Clearing Corporation and the Participants' Trust Company, where he was Chairman.

Partner and Executive Vice President, Virtu Financial LLC

Christopher Concannon is a Partner and Executive Vice President of Virtu Financial LLC. He currently serves as a Director on the DTCC Board and is a member of the Compensation/Human Resources Committee and the Businesses and Products Committee.

Concannon previously served as Executive Vice President of Nasdaq OMX Group, Inc., and was responsible for running all U.S. equity and options markets. Prior to joining Nasdaq, Concannon was President of Instinet Clearing Services, Inc. Before the merger of Instinet and Island ECN, Concannon was Special Counsel and Vice President of Business Development for Island ECN. He joined Island ECN in 1999 as Vice President and Associate General Counsel.

Earlier in his career, Concannon was an Associate at Morgan, Lewis & Bockius LLP and served as an attorney with the U.S. Securities and Exchange Commission in the Division of Trading and Markets.

Managing Director and Global Head of Operations, Technology and Data, Morgan Stanley

Stephen C. Daffron is a Managing Director of Morgan Stanley and Global Head of Operations and Technology and Data. Daffron currently serves as a Director on the DTCC Board, Chairman of the Finance and Capital Committee, Vice Chairman of the Risk Committee and a member of the Executive Committee.

Daffron is a member of Morgan Stanley's Management Committee and the Firm Risk Committee. Prior to joining financial services, he served as Chief Operating Officer at Renaissance Technologies. Previously, he was Head of Global Operations for Wealth Management at Citigroup and Head of Operations for the Asset Management, Private Wealth Management and Custody Operations for Goldman Sachs & Company.

Daffron also served as an Associate Professor at the United States Military Academy at West Point, and in various command and staff positions in the U.S. Army.

Head of Risk Strategy, UBS Non-Core and Legacy

Darryll Hendricks is Head of Risk Strategy for UBS' Non-Core and Legacy unit. He currently serves as a Director on the DTCC Board, and is a member of the Finance and Capital Committee and the Risk Committee.

In his current position, Hendricks is responsible for development of plans for winding down UBS' Non-Core portfolio created by its decision to exit portions of the investment banking business in October 2012. He was previously Head of Strategy for UBS Investment Bank, where he was closely involved in setting its current strategic direction. Previously, he served as Managing Director and Global Head of Risk Methodology for UBS Investment Bank. From 2009 to 2012, he served as the Chair of the U.S. industry task force on tri-party repo infrastructure, which developed a series of recommendations and a blueprint for changes in the operation of the U.S. tri-party repo market that will enable the practical elimination of intraday credit associated with tri-party repo settlements.

Hendricks previously worked at the Federal Reserve Bank of New York for 13 years.

Managing Director and Co-Head, Markets Prime Finance, Deutsche Bank Securities Inc.

Jonathan W. Hitchon is Co-Head, Markets Prime Finance for Deutsche Bank, which encompasses multi-asset Prime Brokerage, Synthetic Prime, Listed Derivatives and OTC Clearing and Intermediation. He currently serves as a Director on the DTCC Board, Chairman of the Businesses and Products Committee, and a member of the Executive Committee and the Audit Committee.

Hitchon previously served as Co-Head of Deutsche Bank's Global Prime Finance business and has held a number of senior roles at Deutsche Bank.

Hitchon joined Deutsche Bank as part of the acquisition of Equity Derivatives from National Westminster Bank (NatWest).

Former Chief Executive Officer and Head of JPMorgan Treasury Services

Lori Hricik is the former Chief Executive Officer and Head of JPMorgan Treasury Services. She currently serves as a Director on the DTCC Board, Chairman of the Compensation/Human Resources Committee, and is a member of the Executive Committee and the Operations and Technology Committee. She also serves on the Risk Committee.

Hricik retired from JPMorgan in 2008, having become a globally recognized leader in delivering technology-driven treasury, cash management, liquidity, trade finance and information solutions to corporations, financial services companies and government entities worldwide.

Hricik joined Chase in 1976 from the Securities Industry Automation Corporation and has held a number of positions in technology, operations, administration and finance. She previously served as Chief Information Officer for Chase's Global Services sector, the operating services businesses of cash management, trust and custody now known as JPMorgan Chase Treasury & Securities Services.

Executive Vice President and Senior Operations Manager, PIMCO

Cynthia Meyn is an Executive Vice President and Senior Operations Manager at PIMCO. She currently serves as a Director on the DTCC Board and is a member of the Businesses and Products Committee and the Operations and Technology Committee.

Prior to joining PIMCO in 2008, Meyn was the Managing Director of North American operations at Morgan Stanley Investment Management. Previously, she was Global Co-Director of fixed income and derivatives technology at AllianceBernstein, Managing Director of global fixed income technology at Cantor Fitzgerald, and Chief Technology Officer and Chief Risk Officer at Mizuho Capital Markets.

Meyn currently serves as a member of leading operational industry groups, including the Omgeo Board of Managers, ISDA Operations Steering Committee (OSC), SIFMA Operations and Technology Steering Committee (OTSC), SIFMA Asset Managers Forum (AMF) Steering Committee and the Association of Institutional Investors Market Practices Committee.

Executive Vice President and President of the Business Services Group, Wells Fargo Advisors, LLC

John C. Parker is an Executive Vice President at Wells Fargo Advisors and is President of the Business Services Group. In his role, Parker is responsible for delivering brokerage operations service and support, technology applications, infrastructure and support, and an array of shared enterprise services, including reporting, project management, business consulting and strategic planning services. Parker currently serves as a Director on the DTCC Board, and is a member of the Audit Committee and the Businesses and Products Committee.

Prior to his current position, Parker served as Chief Information Officer of A.G. Edwards and Sons, and President of A.G. Edwards Technology Group, Inc. In addition, he was a member of the firm's Executive Committee and the Board of Directors of A.G. Edwards and Sons, Inc.

Parker joined A.G. Edwards and Sons, Inc., in 2001 after a 20-year career in the airline industry, during which time he served in a variety of leadership and executive roles at Delta and Northwest Airlines.

Executive Vice President of NYSE Operations, NYSE Euronext

Louis G. Pastina is Executive Vice President of NYSE Operations, NYSE Euronext, responsible for the NYSE Cash Market Operations, including the NYSE Trading Floor. He currently serves as a Director on the DTCC Board, and is a member of the Risk Committee and the Operations and Technology Committee.

Prior to his current position, Pastina was Senior Vice President, Market Development and Next Generation Trading Project. He was also Vice President of Development Planning for all Trading Floor technologies.

Pastina joined the NYSE in 1983 as a Senior Planner in the Options business. He also served as Director, Fixed Income Markets, and Managing Director of the Equity Business Development team. In 1993, he developed the Exchange's Broker Booth Support System and later the broker handheld computer system. He was promoted in 1999 to Vice President, Point of Sale Trading Systems.

Prior to joining the Exchange, Pastina was a Senior Auditor and Financial Analyst at CIT Financial Corp.

Former Partner, Deloitte U.K.

Derek A. Ross is a former Partner at Deloitte U.K. He currently serves as a Director on the DTCC Board, Chairman of the Audit Committee, and a member of the Compensation and Human Resources Committee, the Executive Committee, and the Finance and Capital Committee.

Ross originally joined Touche Ross (now Deloitte & Touche LLP) in 1971. Most recently, he served as Senior Partner with responsibility for advisory services in the London Financial Services Practice.

After retiring from Deloitte, Ross accepted various nonexecutive directorships, including Friends Provident, a Life and Pensions Company, where he serves on the Audit Committee and chairs the Board Risk Committee. Currently, he serves as Presiding Director and Chairman of the Audit Committee of European Central Counterparty Limited. In addition, Ross chairs the Audit and Risk Committee of the Sumitomo Mitsui Banking Corporation Europe. He is also on the Board and is Chairman of the Audit Committee of GE Capital Bank Limited.

Managing Director, Global Business Head — Securities and Fund Services, Citi

Neeraj Sahai is the Global Head of Securities and Fund Services, Citi. He currently serves as a Director on the DTCC Board, Chairman of the Operations and Technology Committee, and is a member of the Executive Committee and the Audit Committee.

Sahai is a member of Citi's Institutional Clients Group Management Committee and Citi Transaction Services Management Committee. Previously, he was Chief Financial Officer of Global Transaction Services. He also served as Managing Director of Citi's Audit & Risk Review group for Markets & Banking.

Sahai has been with Citi for more than 21 years, starting as a Management Associate in 1984. His previous assignments include Managing Director for Cross-Border Custody and Securities Lending; Director, Strategy Implementation (Worldwide Securities Services); Head of Global Transaction Services (India); Business Manager, Cash Management (India); and Relationship and Risk Manager in Financial Services and Corporate Banking.

President, Investment Services, and Head of Global Operations and Technology, BNY Mellon and Chairman, Pershing LLC, a BNY Mellon company

Brian Shea is the President of Investment Services and Head of Global Operations and Technology for BNY Mellon. Shea is Chairman of Pershing, a BNY Mellon company, and a member of the Executive Committees for BNY Mellon and Pershing.

Shea currently serves as a Director on the DTCC Board and is a member of the Audit Committee and the Compensation/Human Resources Committee. He also serves on the Board of Directors of Insured Retirement Institute.

Previously, Shea served as CEO and, prior to that, President and Chief Operating Officer of Pershing. He has served on the Board of Governors of the NASD (now FINRA), the NASD Dispute Resolution Board, as Chairman of the National Adjudicatory Council of the NASD and as Chairman of the NASD Membership Committee.

Shea also served as chairman of the Securities Industry Association Membership Committee (SIA, now SIFMA) and served on the SIA New York District Committee.

Former President and Chief Executive Officer, Federal Reserve Bank of Minneapolis

Gary H. Stern served as President and Chief Executive Officer of the Federal Reserve Bank of Minneapolis from March 1985 to September 2009. He currently serves as a Director on the DTCC Board, Chairman of the Risk Committee, and a member of the Executive Committee, the Finance and Capital Committee, the Governance Committee, and the Businesses and Products Committee.

Stern joined the Minneapolis Fed in January 1982 as Senior Vice President and Director of Research. Before joining the Minneapolis Fed, he was a Partner in a New York-based economic consulting firm.

Stern's previous experience includes seven years at the Federal Reserve Bank of New York, where his last assignment was as Manager of the Domestic Research Department. Stern serves on the Board of Directors of the Financial Industry Regulatory Authority, The Dolan Company, the Ambac Assurance Corporation and the National Council on Economic Education.

Chief Operating Officer, Goldman Sachs International, Global Head of Operations

Robin A. Vince is Chief Operating Officer and Head of the Federation for the firm's businesses in EMEA, a role he assumed in 2011. He is also Global Head of Operations and was previously Head of Global Money Markets.

At DTCC, Vince serves as a Director on the DTCC Board, and is a member of the Businesses and Products Committee and the Governance Committee.

At Goldman Sachs, Vince serves as Co-Chair of the Firmwide New Activity Committee and as a member of the Firmwide Risk Committee, Firmwide Finance Committee, Firmwide Client Business and Standards Committee, and the European Management Committee. He serves as a Director of Goldman Sachs International and Goldman Sachs International Bank. He joined Goldman Sachs as an Analyst in 1994, was named Managing Director in 2002 and became a Partner in 2006.

Vince also serves as a member of the Payments Risk Committee, which acts as an advisory committee to the Federal Reserve Bank of New York on payment, settlement and clearing risks.