The Depository Trust & Clearing Corporation (DTCC) announced several executive management appointments to further build on the strength of the company’s leadership team and on its capabilities as the primary infrastructure organization for the global capital markets. The appointments are effective September 1.
“DTCC’s clients and key stakeholders are increasingly looking to us to develop and provide solutions that will help them effectively navigate the current economic and regulatory environment,” said Michael Bodson, President and CEO, DTCC. “Through the guidance, dedication and solid expertise of the highly-talented individuals that make up our leadership team, DTCC is committed to meeting the needs of our clients in a rapidly evolving and dynamic market place.”
Core Business Management and Finance
Ellen Fine Levine has been appointed Executive Client Officer, a new position for the company. Levine’s primary responsibility is to enhance DTCC’s client coverage strategy for the company’s top and middle market clients globally.
Susan Tysk-Cosgrove was named Chief Financial Officer. Cosgrove leads DTCC’s global finance and treasury team and oversees the company’s efforts to further strengthen its financial processes and capital position.
Daniel Thieke has been appointed General Manager, Settlement & Asset Services. In this role, Thieke will oversee the day-to-day operation of DTCC’s services in these areas globally and drive the strategic development of key company initiatives such as its corporate actions reengineering effort, dematerialization of physical securities and leading continued structural changes to U.S. settlement processes.
Alexander (Sandy) Broderick was named Chief Executive Officer, DTCC Deriv/SERV. Based in London, Broderick oversees DTCC’s overall over-the-counter (OTC) derivatives global post-trade processing and trade reporting services as the company continues to lead industry efforts related to regulatory reporting across jurisdictions, mitigating risk, and increasing transparency and operational efficiency in this dynamic market. Broderick will continue to serve as Chief Executive Officer of New York Portfolio Clearing (NYPC), and over the coming months will have dual responsibilities and continue to lead NYPC as he transitions to his new role. He has extensive financial services business experience and is well-known as a leader in OTC derivatives.
Stewart Macbeth moves to the newly created position of Chief Product Development Officer, focused on leading the company’s continued work to grow this business. In this role Macbeth will expand his current efforts on transforming ongoing regulatory and industry requirements into new products and services that effectively meet the needs of DTCC’s OTC derivatives clients around the world.
Other leadership appointments within DTCC Deriv/SERV include: Chris Childs, Deriv/SERV’s Global Chief Operating Officer (COO), expands his responsibilities to include all derivatives business and product management, and Marisol Collazo assumes the position of U.S. Chief Executive Officer for the DTCC Data Repository (DDR), interfacing with key regulatory bodies to ensure the company is fully meeting all requirements and building capabilities that best meet its clients’ evolving needs.
Lynn Bishop has been named Chief Technology Officer, charged with managing the company’s state-of-the art infrastructure and strong information technology (IT) capabilities that support DTCC’s key business priorities. A core member of DTCC’s IT senior leadership team, Bishop was most recently Managing Director, Clearing Services Applications Development and Maintenance (ADM) team, where she was instrumental in leading all applications development supporting DTCC’s equities, fixed income, wealth management services and insurance businesses.
“Throughout our history, a strong leadership team has been one of the hallmarks of DTCC’s consistent ability to help preserve the security and sound operation of the financial system and to develop forward-looking services for our clients and the industry at large,” added Bodson. “These appointments not only reflect our robust leadership succession strategy, but also position us well to compete effectively in an increasingly more complex and interconnected global marketplace.” @