The Depository Trust & Clearing Corporation (DTCC) announced today that Adam Wysota, an information technology veteran with more than 20 years of experience in the field, joined the organization on July 5 as managing director and chief technology officer.
In this position, Wysota will be responsible for the strategic direction and oversight of DTCC's critical information technology infrastructure and for driving DTCC's risk-mitigation initiative within its technology area. His role will also cover the review and approval of new technology upgrades, as well as the maintenance of DTCC's systems to ensure their continued safety and reliability. Wysota will report to Robert E. Garrison, DTCC managing director and chief information officer.
"Adam has been a leader in developing innovative technology solutions for fast-paced, global financial services institutions," said Garrison. "DTCC's technology infrastructure protects the certainty of our post-trade processing capacity and the resiliency of all data transmission and telecommunications for the financial firms we serve. Adam's wealth of knowledge and experience in this area is a real asset for our firm, our technology team and our customers."
Wysota replaces Lea Moskowitz who will be retiring from DTCC in September after a 34-year career with the company.
Wysota comes to DTCC from Barclays Capital where he had been a managing director in Prime Services Information Technology since 2008. In that position, he was responsible for the applications and technologies that supported the operations of the firm's Equities (both domestic and international), Prime Brokerage, Fixed Income and Investment Management areas. In addition, he oversaw the firm's Futures Clearance technology suite and led Barclays' firm-wide initiative to decommission its mainframe and re-platform its strategic applications, an initiative that resulted in significant annual savings.
Prior to joining Barclays, Wysota served for nearly two years as a senior vice president at Lehman Brothers, overseeing many of the firm's operations applications and technologies. At Lehman, he helped modernize the firm's systems and led an effort to increase capacity for heavy trading volume days.
Before that, he worked for 11 years as an executive director at Morgan Stanley Institutional Securities, where he was responsible for technology strategy, architecture, engineering and operations for Data Management and Quality Assurance. He was also a senior leader of the firm's Enterprise Infrastructure group, which decided the firm's technology strategy and direction.
Wysota earned bachelor's degrees in Physics, Mathematics and Chemistry from Hofstra University, Hempstead, NY, in 1986. He was awarded a master's degree in Astrophysics from Stony Brook University, Stony Brook, NY, in 1989.