New York/London/Hong Kong/Singapore, 1 August, 2016 – The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that Lisa A. Pollina, former Vice Chairman for RBC Capital Markets, a division of the Royal Bank of Canada, has been added to its Board of Directors. Ms. Pollina has joined the Board’s Audit Committee, Finance/Capital Committee & Risk Committee.
The Board provides direction and oversight for DTCC in the interests of its diverse, global stakeholders, while promoting safety and stability across the financial markets. It is composed of 20 directors: 12 are representatives of clearing agency participants, four are non-participant directors, two are designated by DTCC's Series A and Series B preferred shareholders, and two are DTCC’s Chairman of the Board and its President and Chief Executive Officer.
Ms. Pollina joins the DTCC Board of Directors following her role as Vice Chairman for RBC Capital Markets. Previously, she was the senior advisor to the CEO for RBC International on strategic corporate development actions globally, employing over 18,000 and serving clients in more than 100 countries. Before RBC, Ms. Pollina was the Global Financial Institutions Executive at Bank of America with responsibility for a global corporate banking division serving clients in Asia, EMEA, Latin America, Canada and the United States.
Named one of the ‘Top 25 Most Powerful Women in Finance’ by American Banker, Ms. Pollina is an Appointee to the Federal Reserve Bank of the United States’ Working Group on Global Markets and has served multiple financial industry organizations including as a member of the Financial Services Roundtable in Washington DC serving as Vice Chair of the Lending and Leasing Policy Committee for the United States. Ms. Pollina currently also serves on the Boards of Two Harbors Investment Corporation, where she is Chair of the Risk Committee, and that of Oliver Wyman.
“We are proud to have Lisa join the DTCC Board as its newest member,” said Robert Druskin, Chairman of DTCC’s Board of Directors. “Lisa brings a unique and important perspective based on her deep experience in financial services as well strong leadership capabilities. She will be an important voice in working with us to shape the strategic direction of the firm as we continue to help the industry navigate through a challenging economic and regulatory environment.”
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Notes to Editor
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With over 40 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From operating facilities, data centers and offices in 16 countries, DTCC, through its subsidiaries, automates, centralizes, and standardizes the post-trade processing of financial transactions, mitigating risk, increasing transparency and driving efficiency for thousands of broker/dealers, custodian banks and asset managers worldwide. User owned and industry governed, the firm simplifies the complexities of clearing, settlement, asset servicing, data management and information services across asset classes, bringing increased security and soundness to the financial markets. In 2015, DTCC’s subsidiaries processed securities transactions valued at more than US$1.5 quadrillion. Its depository provides custody and asset servicing for securities issues from over 130 countries and territories valued at US$45.4 trillion. DTCC’s global trade repository maintains approximately 40 million open OTC positions and processes roughly 280 million messages a week. To learn more, visit us at www.dtcc.com or follow us on LinkedIn, Twitter and YouTube.
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