by Richard Marulandam
DTCC recently celebrated the five-year anniversary of its Southern Business Center (SBC) opening in Tampa at an event attended by several elected officials, Tampa business leaders and more than 500 employees.
Speakers from the public included Florida State Senator Victor Crist; Commissioner Ken Hagan, chairman, Hillsborough County Board of County Commissioners; Reverend Dr. Thomas Scott, chairman, Tampa City Council; and Dr. Beny Peretz, principal, Paul Mort Elementary School, which SBC has partnered with since moving to Tampa.
Other dignitaries attending the event included:
- Commissioner Rose Ferlita, Hillsborough County Board of County Commissioners
- Councilman Joseph Caetano, Tampa City Council
- Field Representative Clint Shouppe, representing U.S. Congressman Gus Bilirakis
- Bea Bare, Tampa-Hillsborough Economic Development Corporation
- Bruce Register, Tampa-Hillsborough Economic Development Corporation
- Jennifer Taylor, Tampa Bay Partnership
- Christine Burdick, Tampa Downtown Partnership.
‘Place to call home’
During the ceremony, DTCC singled out and thanked the state of Florida, the Hillsborough County Board of County Commissioners, the Tampa City Council and the Tampa-Hillsborough Economic Development Corporation for the role they played in its decision to choose Tampa for its SBC location. Before opening its Tampa facility in 2005, DTCC spent several years looking at almost two dozen cities nationwide. Tampa was chosen in May 2004.
“We are very pleased to be here in Tampa and we look forward to maintaining our presence and strengthening our commitment to this community,” said Donald F. Donahue, DTCC chairman and CEO, who attended the event. “The warm welcome we received at the state and local level five years ago continues today, and it’s a testament to Florida’s sincerity in attracting companies like DTCC to the state.”
Donahue stressed how pleased DTCC has been with selecting Tampa. “We needed a place that would not only appeal to our employees moving from New York, but would also allow us to recruit a knowledgeable workforce with expertise in technology, finance, accounting, operations, and communications. We needed a place with strong educational resources, a good housing stock, diversity and respected medical facilities. We found all those critical attributes here in Tampa. And we found something else as well. We found a community that welcomed and embraced us. We found a neighborhood where we’ve been able to put down roots. We found a place we can call home,” Donahue said.
Business continuity strategy
DTCC’s SBC is a key component of a larger business continuity strategy the company put in place after September 11, 2001, to decentralize the processing functions and operations support that DTCC provides the global financial services industry.
DTCC’s Tampa facility is part of the company’s critical network of operating centers in the United States and overseas. For security purposes, DTCC’s multiple operating centers are located separately from the company’s backup data centers, which are located a thousand miles apart. This gives DTCC the technological flexibility to ensure resiliency and operational risk control to protect the U.S. capital markets.
Growth in Tampa
In the five years DTCC has been in Tampa, the company has grown from 300 employees in 2005 to more than 530 today.
In keeping with DTCC’s strong commitment to diversity in its workforce, 66% of the SBC employees represent minority groups and nearly 40% are women. Positions at SBC cover all main DTCC functions such as Clearance, Settlement, Asset Servicing, Operations and Technology. Represented staff functions include Finance, Legal, Human Resources, Audit, and Corporate Communications and Public Affairs, among others. @
1) Rev. Dr. Thomas Scott, chairman, Tampa City Council 2) Donald F. Donahue, DTCC chairman and CEO; Councilman Joseph Caetano, Tampa City Council; Bea Bare, Tampa-Hillsborough Economic Development Corporation 3) Councilman Joseph Caetano, Tampa City Council; Donald F. Donahue, DTCC chairman and CEO; Commissioner Ken Hagan, chairman, Hillsborough County Board of County Commissioners 4) DTCC’s SBC employee choir. 5) Florida State Senator Victor Crist 6) Eric Miller, DTCC managing director and head of the Southern Business Center 7) DTCC employees gather for the festivities.