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Speeches & Presentations

Remarks By Michael Bodson, DTCC President and CEO | August 5, 2015

On July 14, 2015, DTCC President and CEO Michael Bodson spoke at an event held by the Center for Talent Innovation to discuss their research paper “Black Women: Ready To Lead."

Good evening, I want to thank CTI for the opportunity to speak to you tonight, and for the important work they are doing.

At DTCC, we are pleased to be a sponsor of this research—Black Women: Ready to Lead—which is crucial in helping to raise awareness of the need for greater diversity in financial services and in serving as a rallying cry for action.

Tonight I want to talk about three things: one, the business case for diversity and inclusion, two, how to build effective programs and measure their success, and three, the importance of taking action amid shifting priorities. But let me begin by providing background on DTCC.

As some of you know, DTCC has more than 40 years of experience as the primary financial market infrastructure serving the global marketplace. To put some size and dimension around our activities, last year we processed securities transactions valued at approximately US$1.6 quadrillion. Looking at it another way, we processes the equivalent of the U.S. annual gross domestic product every 2 days.

In recent years, we have dramatically expanded the scope of our operations, and today we have offices in 16 countries and provide services for an expanded roster of asset classes and instruments in many of the world’s most important markets. Our newest joint ventures leverage our skills and expertise in risk management and processing large volumes of data to address current and emerging industry challenges related to collateral management, client entity reference data and cybersecurity.

While our portfolio is more complex and diverse than at any point in our history, and while our global footprint is larger than ever before, our fundamental mission remains unchanged – to help protect the stability and integrity of global financial markets.