Robert Druskin is Non-Executive Chairman of DTCC’s board and Chairman of the Board Executive Committee. Druskin served as Executive Chairman from April 2011 to December 31, 2015.
Previously, Druskin was Lead Director of E-Trade from May to December 2009, Interim Chief Executive Officer from December 2009 to March 2010 and Chairman of the Board from December 2009 to March 2011.
Prior to that, 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. 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.
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 of directors.
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. He previously served as Chairman of various DTCC subsidiaries, including Deriv/SERV and Omgeo.
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, he held similar responsibilities for Morgan Stanley Asia in Hong Kong.
Bodson is a CPA and graduated magna cum laude from Boston College. He currently is a member of the Board of Digital Asset Holdings and is a trustee on the Financial Services Governors for the World Economic Forum.
Robert L.D. Colby is the Chief Legal Officer of the Financial Industry Regulatory Authority (FINRA), which he joined in June 2012. In this capacity, he oversees FINRA’s corporate and regulatory general counsel functions, as well as FINRA’s Advertising and Corporate Financing departments, the Office of Hearing Officers and Dispute Resolution.
Previously, Colby was a partner in the Washington, D.C., office of Davis Polk & Wardwell LLP, where he advised on regulatory and compliance matters involving securities and derivatives for financial institutions, markets and clearing organizations.
Before joining Davis Polk in 2009, Colby served for 17 years as Deputy Director of the Securities and Exchange Commission’s Division of Trading and Markets. In that role, he was responsible for the regulation of broker-dealers, securities markets and clearing organizations. Previously, for 11 years, he was Chief Counsel of the Division and Chief of the Division’s Branch of Market Structure.
David C. Crawford is Executive Vice President, Office of Regulatory Initiatives of State Street, where he leads a number of regulatory-related endeavors, including intraday liquidity, Volcker Rule conformance, First Line of Defense, Enterprise Content Management Solutions and Third-Party Risk Management.
Previously, Crawford was head of State Street’s Global Transaction Banking Services, overseeing the daily processing of all cash and securities-related activities worldwide, including derivatives servicing, cash movement, securities settlement, corporate actions, tax and transaction processing. He also had overall responsibility for State Street’s relationships with central securities depositories and agent banks throughout the 110 markets where State Street’s clients invest. The Asset Manager Services group, a dedicated team of relationship managers who ensure investment managers are satisfied with State Street’s custody services, also reported to Crawford. These services are delivered by professionals from multiple operating centers around the globe.
Before that, Crawford was Director of Financial Information Services, responsible for providing accounting, transaction processing and related services to the company’s institutional investor services clients. His extensive industry experience includes 11 years in various capacities at The Boston Company/Mellon Trust. He joined State Street in 1982.
He holds a bachelor’s degree in management from the University of Massachusetts, Boston, and a master’s degree in business administration from Babson College.
Phil Davies is a Managing Director and Global Head of Operations at Morgan Stanley. In this capacity, Davies oversees all operations support for the Institutional Securities Group and the Wealth Management and Investment Management businesses. He is a member of the firm’s Management Committee.
Prior to this, Davies served as Global Head of ISG Product Operations, where he was responsible for the creation and management of Institutional Securities Group Product Operations, managing the support for the Institutional Sales & Trading businesses across all asset classes.
Before Morgan Stanley, he worked at Goldman Sachs in London.
He is Vice Chair of the Operations & Technology Steering Committee at SIFMA.
David S. Goone is Chief Strategy Officer of Intercontinental Exchange (NYSE: ICE). He is responsible for all aspects of ICE's product line, including futures products and capabilities for ICE's electronic platform.
Goone sits on the ICE Benchmark Administration board of directors as well as the Oversight Committee. He serves on the BRIX board of directors, a Brazilian energy market in which ICE is a partner. Goone is also Vice Chairman of the Cetip board of directors, a leading operator of capital and credit markets in Brazil, a publicly traded company in which ICE is a minority shareholder. Additionally, Goone represents ICE on industry boards, including the Options Clearing Corporation and the National Futures Association. He is also a member of the Commodity Futures Trading Commission Global Markets Advisory Committee.
Prior to joining ICE in 2001, Goone was Managing Director and Head of Product Development and Sales at the Chicago Mercantile Exchange (CME). Before joining the CME in 1992, Goone served as a Vice President at Indosuez Carr Futures, where he was instrumental in developing institutional and corporate business. Prior to joining Indosuez, Goone worked at Chase Manhattan Bank, where he developed and managed the company's exchange-traded foreign currency options operation at CME.
Goone earned a bachelor’s degree in accountancy from the University of Illinois at Urbana-Champaign.
Suni P. Harford is a Managing Director and Citigroup’s Regional Head of Markets for North America. In this capacity, she oversees the North American sales, trading and origination businesses of Citi's securities and banking franchise. Harford is a member of Citi’s Pension Plan Investment Committee and a Director on the board of Citibank Canada. She also serves on the board of directors of the Securities Industry and Financial Markets Association (SIFMA), the financial services industry advocacy group.
Prior to her current assignment, Harford held a variety of senior positions at Citi/Salomon Brothers, including the Global Head of Fixed Income Research and the Co-head of Fixed Income Capital Markets Origination, where she led an advisory team focused on financial institutions. From 2010 to 2014, she was the Co-head of Citigroup’s global women’s initiative, Citi Women.
Harford serves on several nonprofit boards, including the Taproot Foundation, Friends of Hudson River Park and the Forte Foundation. She serves on the U.S. Chamber of Commerce Veteran’s Employment Advisory Council and represents Citi as a founding member of Veterans on Wall Street, a coalition of major financial services firms established in 2010 to engage the broader industry in efforts to support our transitioning veterans.
Harford received her bachelor’s degree from Denison University, where she majored in physics and math.
Darryll Hendricks is the Regional Operating Officer in the Americas for UBS Investment Bank. From 2013 to 2015, he was the Chief Operating Officer for UBS' Non-Core and Legacy division. Previously, Hendricks was head of strategy for UBS Investment Bank and held various positions in Risk Control, including Global Head of Risk Methodology.
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.
Hendricks is a member of the Financial Research Advisory Council of the U.S. Treasury Office of Financial Research. Before joining UBS in 2005, Hendricks worked at the Federal Reserve Bank of New York for 13 years. He has a doctorate from Harvard University.
Lori Hricik is the former Chief Executive Officer and Head of JPMorgan Treasury Services. She is the Chairman of the DTCC Business, Technology and Operations Committee and Compensation/Human Resources Committee. She also serves on DTCC’s Executive, Risk and Governance committees.
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. She worked extensively with the industry and regulators on global payments initiatives.
Hricik joined Chase in 1976 from the Securities Industry Automation Corporation and had held a number of executive positions in technology, operations, administration and finance. She earned a master’s in business administration from Columbia University.
David R. Kimm is Executive Vice President, Chief Risk Officer and Treasurer of TD Ameritrade Holding Corp. (TDA), with responsibility for enterprise-wide risk and control strategies and functions, as well as oversight of liquidity, funding, and asset and liability management for TDA and its subsidiaries. He also serves as a member of TDA’s Senior Operating Committee (SOC), which shapes the organization’s strategic focus.
Previously, Kimm was Senior Vice President and Chief Risk Officer for Wachovia Securities LLC/Wells Fargo Advisors. In that role, he established the risk management organization for the third-largest U.S. brokerage firm and was responsible for all aspects of enterprise risk-management strategy and execution.
Prior to joining Wachovia, Kimm held senior financial and operational roles at LPL Financial, Fidelity Investments, Cowen & Co. and PaineWebber. He holds a master’s in business administration from The Stern School, New York University.
Cynthia Meyn is an Executive Vice President and Senior Operations Manager in the New York office and leads PIMCO's U.S. operations team. In addition, she serves as a member of the Omgeo board of managers and CUSIP board of trustees. Meyn also serves on the SIFMA Operations and Technology Steering Committee (OTSC) and is Vice Chairman of the SIFMA Asset Managers Forum (AMF) Steering Committee. Prior to joining PIMCO in 2008, she 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 and Head of Global Fixed Income Technology at Cantor Fitzgerald, and Chief Technology Officer and Chief Risk Officer at Mizuho Capital Markets. In 2014, Meyn won the FTF News Technology and Innovations Award for Operations Person of the Year. She has 31 years of investment experience and holds an undergraduate degree from Smith College and a master’s in business administration from Duke University Fuqua School of Business.
Nick Ogurtsov is KCG’s Chief Operating Officer and Chief Risk Officer. He is responsible for overseeing the firm’s operations and clearing as well as managing the firm’s strategic and operational risk management framework, including the design and implementation of systems and processes to identify, mitigate and assess the firm’s risk exposure.
Ogurtsov joined GETCO in 2012 and was the firm’s CRO before it merged with Knight Capital Group to form KCG in July 2013. Prior to joining GETCO, he was Managing Director and Global Head of UBS’ high-frequency electronic trading group, EMM Group. He built and managed EMM Group’s global team in New York, London and Tokyo, where it traded equities, fixed income and foreign exchange. As a member of UBS’ management team for the global cash equities business, he also helped rebuild the firm’s trading technology in the Asia-Pacific region.
He began his career at UBS (formally SBC Warburg) as a convertible bonds trader and later co-headed the equity-linked structured products team.
Ogurtsov earned his bachelor’s degree in physics and computer science from Beloit College and his master’s degree in computer science from the University of Arizona.
Lester J. Owens is a Managing Director at JPMorgan responsible for Wholesale Banking Operations across 40+ sites. He manages a global staff of approximately 6,000 employees worldwide, and his primary responsibility is managing one of the largest payment operations globally.
Prior to joining JPMorgan in 2007, Owens worked for Deutsche Bank as a Managing Director responsible for Transaction Banking Operations as well as serving on the Executive Committee for the Global Transaction Bank. Before joining Deutsche Bank, Owens was the Site Director at Citibank in Delaware, which included Nationwide Receivables, Check Clearing and Customer Investigations. Prior to Citibank, Owens worked for Bankers Trust and Chemical Bank.
Owens holds a B.A from Long Island University, an Executive M.B.A from Fairleigh Dickinson University, and he also attended the Harvard University Executive Management program.
Owens is a member of the PayCo Board of The Clearing House Payments Company as well as a Board Member of the Robert Wood Johnson University Hospital in New Brunswick, NJ.
*Joined the DTCC Board March 31, 2016
Derek A. Ross is a former Partner at Deloitte U.K. He currently serves as Chairman of the DTCC Audit Committee and Finance and Capital Committee. He is a member of the DTCC Risk Committee and the Executive Committee.
Ross originally joined Touche Ross (now Deloitte & Touche LLP) in 1971. Most recently, he served as Senior Partner with responsibility for treasury and risk advisory services in the London Financial Services Practice.
After retiring from Deloitte, Ross accepted various nonexecutive directorships, including Nationwide and Friends Provident, a Life and Pensions Company. He chaired the Audit and Risk Committees. He also served as the Director and Chairman of the Audit Committee of European Central Counterparty Ltd. In addition, Ross is on the boards of and chairs the Audit and Risk Committees of Sumitomo Mitsui Banking Corporation Europe and chairs the Audit Committee of GE Capital Bank Ltd.
Doug Shulman is Senior Executive Vice President of BNY Mellon and Global Head of Client Service Delivery (CSD), which includes the key business functions and service delivery areas of BNY Mellon. He is also a member of the company’s Executive Committee, the organization's most senior management body.
Shulman joined BNY Mellon in September 2014 from McKinsey & Co., where he was a Senior Advisor, and from Harvard’s Kennedy School Center for Business and Government, where he was a Senior Fellow. From 2008 to 2012, he was the Commissioner of the U.S. Internal Revenue Service, where he led the 100,000-person agency and, among other accomplishments, was responsible for transforming the IRS’ use of data analytics and implementing a major modernization of the IRS’ key technology.
Before the IRS, Shulman served in various roles at the Financial Industry Regulatory Authority (FINRA), including Vice Chairman. He joined FINRA’s predecessor, NASD, in 2000, and ran a variety of functions including market services, strategy and technology.
Shulman holds a bachelor’s degree from Williams College, a master’s degree in public administration from the Kennedy School at Harvard University and a Juris Doctor from Georgetown University Law Center.
Paul Simpson is Managing Director and Global Head of Equity Asset Management Services at Bank of America Merrill Lynch. Simpson is responsible for multiple Global Markets businesses including Prime Brokerage, Stock Loans, Swaps, Global Custody and Agency Services businesses, Futures & Options, OTC Clearing and Foreign Exchange Prime Brokerage businesses.
Simpson previously led the Global Transactions Services business at Bank of America Merrill Lynch, which included payments, liquidity and investments, receivables, trade and supply chain finance and custody and agency services. He has more than 25 years of experience working in the financial services industry, principally in treasury and trade services, public sector and commodities.
Prior to joining Bank of America Merrill Lynch, Simpson was with Citigroup as Global Head of Treasury & Trade Solutions in the Global Transaction Services group. Earlier in his career, he spent time with Deutsche Bank as Head of eCash Solutions and Head of Trade Services; and with ANZ Banking Group in Trade and Commodity Finance.
Simpson holds a B.S. in Russian from Georgetown University and an MBA in Finance, Economics and International Business from New York University Stern School of Business. He also studied in Moscow at the Pushkin Institute.
*Joined the DTCC Board March 31, 2016
Gary H. Stern was President and Chief Executive Officer of the Federal Reserve Bank of Minneapolis from March 1985 to September 2009. Stern joined the Federal Reserve Bank of Minneapolis in January 1982 as Senior Vice President and Director of Research. Before joining the Minneapolis Fed, Stern was a partner in a New Yorkbased economic consulting firm. Stern's prior experience includes seven years at the Federal Reserve Bank of New York.
Stern serves on the board of directors of E-Trade Financial Corporation, Standard & Poor’s, Ambac Assurance Corporation, the Council for Economic Education (CEE) and Hamline University. He is Lead Director and Chair of the DTCC Risk Committee. Stern is co-author of “Too Big to Fail: The Hazards of Bank Bailouts,” published by the Brookings Institution (2004). Stern is a member of the FDIC's Systemic Resolution Advisory Committee.
Stern holds a bachelor’s degree in economics from Washington University, St. Louis, and a doctorate in economics from Rice University, Houston. He formerly served as Chair of the board of the Northwest Area Foundation, The Minneapolis Club and Blue Cross Blue Shield of Minnesota. He was also a board member of FINRA, the Dolan Company, Minneapolis College of Art and Design, and ETS. Stern is the recipient of the 2009 Visionary Award from CEE and the 2010 Distinguished Alumnus Award from Washington University's College of Liberal Arts.
Paul Walker is Co-head of Goldman Sachs’ Technology Division. He is a member of the Partnership Committee and the firmwide Technology Risk Committee. Previously, Walker served as the Global Head of Risk and Strategy for Prime Services in the Securities Division, and before that, he was Global Head of the Core Strats team. He joined Goldman Sachs as a Vice President on the FICC Strats team in 2001 and was named Managing Director in 2004 and Partner in 2008.
Prior to joining the firm, Walker worked as a physics researcher at the Max-Planck-Institut für Gravitationsphysik and the National Center for Supercomputing Applications. He also worked in the technology and e-business units of J.P. Morgan.
He is a member of the board of governors of the New York Academy of Sciences.
Walker earned a doctorate in physics and a master’s degree in physics from the University of Illinois at Urbana-Champaign in 1998 and 1996, respectively, and a bachelor’s degree in physics from Cornell University in 1993.
Joseph Weinhoffer is Treasurer and Chief Investment Officer of ED&F Man Capital Markets Inc. (MCM) with responsibility for firm financing, capital management, bank relationships, investing client segregated assets and supervising fixed income trading for MCM and its affiliates.
Prior to joining MCM in 2014, Weinhoffer was a Managing Director at Mitsubishi UFJ Securities (MUS) responsible for U.S. Treasury, repo and stock loan. Before joining MUS in 2009, Weinhoffer was at Annaly Capital Management where he established RCap Securities. From 2001 until 2008, Weinhoffer was the Founder and CEO of Quadriserv, a stock loan marketplace. Prior to Quadriserv, Weinhoffer served at Morgan Stanley, Merrill Lynch and Bank of New York. Prior to his civilian career, Weinhoffer served in the U.S. Army for five years.
Weinhoffer is a graduate of the United States Military Academy and the Columbia Business School and is CFA and CAIA chartered. He is also Chairman of the Board of Trustees of Oratory Preparatory School in Summit, NJ.
*Joined the DTCC Board March 31, 2016
Note: Paul Compton and Terry Laughlin served on the DTCC Board during 2015.