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Michael C. Bodson Will Take the Helm as DTCC President and CEO

Michael C. Bodson, who will become DTCC President and CEO in July, has extensive industry experience. Bodson joined DTCC in 2007, following a 20-year career with Morgan Stanley.

In 2010, he became DTCC’s COO as well as COO and President of three DTCC subsidiaries: DTC, NSCC and FICC. In this role, he has enterprise-wide responsibility for all Information Technology and Operations at DTCC. He also oversees two major businesses – DTCC’s Trade Information Warehouse for over-the-counter (OTC) derivatives and EuroCCP, DTCC’s European clearing and settlement organization. He serves as Chairman for EuroCCP, Deriv/SERV and MarkitSERV, a global joint venture for OTC derivatives between DTCC and Markit. He also serves on the Board of New York Portfolio Clearing (NYPC), DTCC’s joint venture with the NYSE Euronext for clearing futures.

Bodson is a member of DTCC’s Board of Directors, a position he will retain as the company’s President and CEO.

He joined DTCC as Executive Managing Director for Business Management and Strategy in 2007, with responsibility for consolidating the product management of all DTCC business lines, strategic planning, relationship management and marketing under one umbrella.

Prior to joining DTCC, Bodson held a number of senior management positions with Morgan Stanley. In his last position there, he was Global Head of the Institutional, Retail and Asset Management Operations Department. He also had responsibility for operational risk, business continuity planning and information security.

Before that, he served as Divisional Operations Officer for the Institutional Securities Group and Head of the Enterprise Information Group. In the mid-1990s, he was 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.

Before joining Morgan Stanley in 1986, Bodson worked at Bear Stearns and Price Waterhouse. He has a Bachelor of Science degree from Boston College, majoring in Accounting and English, and is a certified public accountant.