New York, August 22, 2012– The Depository Trust & Clearing Corporation (DTCC) today announced that Donna M. Milrod will join the firm as Chief Administrative Officer (CAO), effective mid-October. She will report to President and Chief Executive Officer Michael Bodson, and serve as a member of the company’s Management Committee. Ms. Milrod will have responsibility for the company’s finance, operations, regulatory relations, business continuity, vendor management and security functions.
“We are delighted that Donna is joining the DTCC leadership team,” said Mr. Bodson. “She is a proven leader with extensive global operations, finance and capital markets experience that will serve our company well as we continue to strengthen our core businesses and expand into new areas.”
Ms. Milrod said, “This is a particularly exciting time to be joining DTCC. The company is uniquely positioned as a primary infrastructure during this period of unprecedented regulatory and financial market change. I look forward to being part of this outstanding organization and contributing to its future success.”
Ms. Milrod joins DTCC from Deutsche Bank AG, where she served as Deputy CEO of Deutsche Bank North America since 2009. Since 2002, she has also served as head of Deutsche Bank’s Regional Oversight & Strategy group. Prior to these roles, Ms. Milrod held a number of senior positions at the firm including as Assistant Treasurer of the Americas. While at the predecessor firm, Bankers Trust, she was a senior member of the Treasury / Funding group within the Trading and Sales Division. Prior to joining Deutsche Bank/Bankers Trust in 1993, Ms. Milrod worked at Institutional Investor Magazine. She has an undergraduate degree from Smith College and a Masters in Business Administration from Columbia Business School.
Through operating facilities and data centers around the world, DTCC and its subsidiary companies automate, centralize and standardize the post-trade processing of financial transactions for thousands of institutions worldwide. With more than 40 years of experience, DTCC is the premier post-trade infrastructure for the global financial markets, simplifying the complexities of clearance, settlement, asset servicing, global data management and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, derivatives, money market instruments, syndicated loans, mutual funds, alternative investment products, and insurance transactions. In 2011, DTCC processed securities transactions valued at approximately US$1.7 quadrillion. Its depository provides custody and asset servicing for securities issues from 122 countries and territories valued at US$39.5 trillion. DTCC’s global OTC derivatives trade repositories hold records on more than US$500 trillion in gross notional value on transactions across multiple asset classes globally. For more information, please visit www.dtcc.com.