New York, October 18, 2012 - The Depository Trust & Clearing Corporation (DTCC) today announced the appointment of James Lee as Managing Director and Head of Enterprise Computing, bringing more than two decades of leadership experience in information technology operations and software configuration to the company. In this new role, Lee will oversee and guide strategy for the development of new computational products.
Additional areas of responsibility include identifying and mitigating risk within Enterprise Infrastructure and managing a 200-employee department dispersed across five global offices. He will report to Robert Garrison, Managing Director and Chief Information Officer.
“I couldn’t be more excited to have someone of James’s caliber and expertise coming on board,” said Garrison. “He is a pioneer in this industry, with a history of bringing innovative, global enhancements to his roles in technology and financial management. He comes to DTCC at a critical time as we move forward with further strengthening our infrastructure to adapt to an evolving marketplace.”
Lee joins DTCC from UBS AG where he served as Managing Director and Global Head of Enterprise Systems Management since 2009. There he specialized in global transformation of core enterprise systems, architecture, product management, engineering, desktop services and IT operations. During his tenure there, he also executed highly complex programming solutions on aggressive timeframes and spearheaded a computing process that significantly reduced expenses.
Prior to USB AG, Lee served as a Vice President in JP Morgan & Company’s Global Technology & Operations Group and as a Director of Swiss Bank Corporation where he developed technical and analytical capabilities for the organization. In 1997, he co-founded Benchmarking Technologies International, a global management consulting company for the financial services industry.
“I’m pleased to be joining a highly talented professional team that plays a critical role in protecting the financial system’s capital markets infrastructure,” said Lee. “The challenge of leading DTCC’s Enterprise Computing area is particularly compelling at this time when DTCC is focused on developing new competitive platforms to advance and safeguard the financial-services industry.”
Lee holds a Bachelor of Science degree in economics and international business from New York University. He also earned a Master’s in Business Administration in 1994 from NYU’s Leonard N. Stern Graduate School of Business.
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, visit www.dtcc.com.