The Depository Trust & Clearing Corporation (DTCC) has named Patrick Kirby as managing director, Asset Services Group.
In his new post, Kirby will be responsible for managing the custody and asset servicing businesses of The Depository Trust Company (DTC), a DTCC subsidiary, as well as the Global Corporate Actions Validation Service under the DTCC Solutions LLC subsidiary.
Kirby joins DTCC from Citigroup Capital Markets and Banking, where he was managing director and global operations head of Cash Products. He began his career at Citi in 1998, assuming positions of increasing responsibility at the firm's New York and London offices. Those positions included managing director for Trade Processing Operations; director for Global Loan and Treasury Operations; senior vice president and global processing head for Settlements; and first vice president, London Fixed Income and Equity Operations.
"Pat brings a wealth of equity and fixed income operations experience to this position," said Donald F. Donahue, DTCC president and CEO. "He is joining DTCC at a significant point in time. We are engaged in a major reengineering of our corporate actions and underwriting processing systems to provide better support for our customers both in the U.S. and elsewhere as they handle increasingly complex instruments and corporate action transactions. And our corporate actions announcement business continues to expand, covering corporate actions announcements from more than 160 countries around the world."
Kirby will report to Robert McGrail, DTCC executive managing director for Domestic and International Core Services.
Prior to joining Citi, Kirby was with ING from 1995 until 1998, where he served as assistant director of Global Markets in London and vice president, New York Operations. He also served as vice president of U.S. Equity Operations for S.G. Warburg and Co., Inc., and senior vice president of Securities Operations for Lehman Brothers from 1987 to 1995. He also worked for The Bank of New York.
He graduated from New York Institute of Technology with a bachelor's degree in accounting and marketing.
Kirby was a member of the steering committee of the Federal Reserve Working Group on Government Securities, and a member of the Securities Industry and Financial Markets Association (SIFMA) Senior Operating Committee, SIFMA Corporate Bond and Syndicate Underwriting Committee, Fixed Income Clearing Corporation (FICC) Government Operations Committee and the FICC Mortgage-Backed Operations Committee. He is a resident of Centereach, NY.