Michael Bodson, DTCC President & CEO moderates a panel discussion at the 2014 World Economic Forum.
Michael C. Bodson, President and Chief Executive Officer, The Depository Trust & Clearing Corporation (DTCC), and Larry Thompson, Managing Director and General Counsel, DTCC, joined more than 2,500 global leaders from business and government at the prestigious 2014 World Economic Forum (WEF) Annual Meeting in Davos-Klosters, Switzerland in January.
The World Economic Forum (WEF) is an independent, not-for-profit international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas.
The theme of the 2014 Forum was “The Reshaping of the World: Consequences for Society, Politics and Business.” Bodson and Thompson participated in and led discussion sessions at the by-invitation only event
Bodson moderated the session “Accelerating the Development of Local Capital Markets,” which focused on the critical role capital markets play in economic development through the efficient allocation of domestic and international savings into productive investments. Bringing together financial services practitioners, investors, policy-makers including Ministers of Finance from four countries and academics, the group discussed whether the process can be accelerated and what concrete initiatives can be taken. The session will act as a spring-board for project which the WEF will launch this year.
“It was a great honor to be invited to the World Economic Forum,” Bodson said. “The panel was a great opportunity to interact with other thought leaders and share thoughts on ways to respond to current and emerging challenges facing the global economy.” Bodson also attended the Financial Governors sessions which are closed-door sessions with the CEOs of most major global financial institutions as well as major politicians and regulators.
Larry Thompson, DTCC Managing
Director and General Counsel, leads a table discussion at the 2014 World
Thompson served as a discussion leader for one of the breakout tables during the session “Preparing for Prosperous Longevity – Opportunities by providing for an Independent, Engaged Aging Population.”
Thompson was one of several table discussion leaders at a session which brought together public officials and representatives of the financial/insurance industry, healthcare institutions, business, and civil society to explore the challenges of meeting the demands of an aging population. Thompson presented the results of his table’s discussion to the session’s audience.
“The World Economic Forum provides an unparalleled platform for strategic dialogue to help develop solutions to challenges presented by an ever-changing world,” said Thompson. “The discussions at the Forum help provide an understanding of the key drivers of change and emerging trends that are reshaping our world.”
Bodson summarized the event by saying “To be able to hear world leaders, major business heads and leading academicians discuss and debate some of the world’s most pressing issues combined with unparalleled networking opportunities makes Davos a truly unique event of which we are honored to be active participants and contributors.”