Chief Information Officer: Robert Garrison
by Karen Gregory
Robert Garrison became DTCC’s chief information officer (CIO) on July 8. He joined the organization in October 2010 as a managing director and chief development officer of its Information Technology division.
Robert Garrison, DTCC managing director and chief information officer
In his new position, Garrison will have enterprise-wide responsibility for the ongoing development and testing of all the technology that supports DTCC’s posttrade infrastructure. This includes multiple data centers; communications networks; processing and messaging systems (which receive and respond to more than 2.4 billion messages each day); the IT applications underlying DTCC’s broad range of products and services; business continuity and information security.
This infrastructure protects the certainty and reliability of DTCC’s post-trade processing capacity which, in just one of DTCC’s business functions, has handled close to 315 million transactions on a peak day and is capable of processing 850 million transactions a day.
“Since joining DTCC, Bob has shown a keen grasp of the technology issues and opportunities we face both in the industry and as an organization. This involves not only moving our technology initiatives forward but also helping to drive the transformation of our risk management controls to support the new and complex requirements of our customers and regulators, efficiently and cost effectively,” said Michael Bodson, DTCC’s COO. “The role of CIO requires a unique blend of leadership skills, extensive background and deep industry knowledge to meet these challenges, and Bob brings to the role all those attributes.”
Garrison, who reports to Bodson, assumed the role of CIO from Jacob Feuchtwanger, who retired in July after a distinguished 31-year career with DTCC.
Prior to joining DTCC, Garrison spent 25 years at Morgan Stanley working in various senior technology leadership positions. Among many notable accomplishments, he directed the Global Wealth Management technology group, significantly improving the technology capabilities of the business. He also led the integration of the Morgan Stanley Smith Barney joint venture and the integration of Barclay’s Global Custody business into Morgan Stanley Trust Company.
Garrison earned a bachelor’s degree in government and history from Bowdoin College. @
Chief Technology Officer: Adam Wysota
by Michael Scholl
Adam Wysota, an information technology veteran with more than 20 years of experience in the field, joined DTCC on July 5 as managing director and chief technology officer.
Adam Wysota, DTCC managing director and chief technology officer
In this position, Wysota will be responsible for the strategic direction and oversight of DTCC’s critical information technology infrastructure and for driving DTCC’s risk-mitigation initiatives within its technology area. His role will also cover the review and approval of new technology upgrades, as well as the maintenance of DTCC’s systems to ensure their continued safety and reliability.
Wysota will report to Robert Garrison, DTCC managing director and chief information officer.
“Adam has been a leader in developing innovative technology solutions for fast-paced, global financial services institutions,” said Garrison. “DTCC’s technology infrastructure protects the certainty of our post-trade processing capacity and the resiliency of all data transmission and telecommunications for the financial firms we serve. Adam’s wealth of knowledge and experience in this area is a real asset for our firm, our technology team and our customers.”
Wysota replaces Lea Moskowitz, who will be retiring from DTCC in September after a distinguished 34-year career with the company.
Wysota comes to DTCC from Barclays Capital where he had been a managing director in Prime Services Information Technology since 2008. In that position, he was responsible for the applications and technologies that supported the operations of the firm’s Equities (both domestic and international), Prime Brokerage, Fixed Income and Investment Management areas. In addition, he oversaw the firm’s Futures Clearance technology suite and led Barclays’ firm-wide initiative to decommission its mainframe and re-platform its strategic applications, an initiative that resulted in significant annual savings.
Prior to joining Barclays, Wysota served for nearly two years as a senior vice president at Lehman Brothers, overseeing many of the firm’s operations applications and technologies. He helped modernize Lehman’s systems and led an effort to increase capacity for heavy trading volume days.
Before that, he worked for 11 years as an executive director at Morgan Stanley Institutional Securities, where he was responsible for technology strategy, architecture, engineering and operations for Data Management and Quality Assurance. He was also a senior leader of the firm’s Enterprise Infrastructure group, which decided the firm’s technology strategy and direction.
Wysota earned bachelor’s degrees in physics, mathematics and chemistry from Hofstra University. He was awarded a master’s degree in astrophysics from Stony Brook University.@