Dec 14, 2015
• DTCC Connection
DTCC’s Collazo Receives Wall Street Women Leadership Award
By Joseph King
Marisol Collazo, CEO of the DTCC Data Repository (U.S.) LLC (DDR)
Marisol Collazo, CEO of The Depository Trust & Clearing Corporation (DTCC) Data Repository (U.S.) LLC (DDR) received Traders Magazine’s Wall Street Women Award for Excellence in Leadership.
Now in its fifth year, Wall Street Women: A Celebration of Excellence was created to honor women on Wall Street and the U.S. capital markets who have made major contributions to their firms and to the financial industry.
The Excellence in Leadership Award is presented to a woman who demonstrates exemplary leadership and exceptional performance throughout her career. This individual, selected by the Advisory Committee, is such an outstanding professional that she qualifies for multiple award categories and is considered to be the standard bearer for women in the financial community.
“I am deeply honored and humbled to have been selected for this award,” she said. “I will strive to live up to the expectations that come with such recognition.”
Collazo leads a team that manages over-the-counter (OTC) derivatives trading reporting in the Americas as part of DTCC’s Global Trade Repositories (GTR). This recently involved the expansion into other jurisdictions, such as the recent approval of DTCC as a Canadian trade repository.
“I am very passionate about my work,” Collazo said, “and I am fortunate to have a tremendous support structure at home and at work that allows me to focus on that passion.”
One of her passions is transforming data into what she calls “usable information” by establishing a global data standard. “It’s not enough to just collect and share information,” Collazo said. “There has to be a meaningful way to aggregate the data so it provides real value to regulators. In 2016, DTCC is going to push the conversation with regulators to collaborate on global data standards.”
She noted the recent repeal of the Dodd-Frank Act indemnification provision is a strong step forward. “The removal of the indemnification provision opens the door for the next step for data access and sharing,” she said.