In a new position at DTCC, Houry will be responsible for advancing the company's enterprise-wide Reengineering and Quality initiatives. Houry will be working with business units to help foster the use of metrics to strengthen performance in the organization. He will report to John Colangelo, managing director, DTCC Operations and Business Reengineering.

"The Quality program at DTCC is part of a much larger effort to keep pace with a rapidly changing industry in a more global marketplace, all the while exceeding our customers' expectations," said Colangelo. "Over the past six years, we've significantly integrated the Six Sigma program throughout DTCC and raised quality awareness among all employees to better serve our customers."

Houry brings to his position 16 years of experience at American Express, working in the Finance, Global Treasury, Strategic Planning and Credit Risk Management areas. Most recently, he was vice president of the Global Reengineering and Six Sigma Group, where he led American Express' Reengineering and Six Sigma Program.

"Houry is a proven industry leader with extensive experience using Reengineering and Six Sigma performance tools. He will be an asset to our staff as we continue to expand our program and apply Six Sigma metrics to achieve process excellence," said Colangelo.

Houry is a graduate of the Université de Paris-Dauphine in Paris, France, with a master's degree in international trade and business. He also holds a master's of business administration degree in finance from New YorkUniversity's Leonard N. Stern School of Business.