23 September 2017
Find out more

DTCC board elects Michael Bodson president and CEO

23 April 2012  |  2235 views  |  0 Source: Depository Trust & Clearing Corporation

The Depository Trust & Clearing Corporation (DTCC) today announced that its Board of Directors has elected Michael C. Bodson, currently Chief Operating Officer, as President and Chief Executive Officer of the company, effective July 1. Bodson succeeds Donald F. Donahue who will retire at the end of July.

Bodson will also serve as CEO of DTCC's principal operating subsidiaries: the National Securities Clearing Corporation (NSCC), The Depository Trust Company (DTC), and the Fixed Income Clearing Corporation (FICC). Bodson continues as a director on DTCC's Board.

"This appointment is part of DTCC's long-term leadership succession strategy," said Robert Druskin, Executive Chairman of DTCC's Board. "Mike is a seasoned executive who has demonstrated significant ability to transform our business, manage risk, and increase transparency for our client partners especially during the last few years of market volatility and industry change. His decade-plus of experience with DTCC - both as an industry Board member and, more recently, as a senior DTCC executive for the past five years - has given him a strong understanding of DTCC's operations, systems and risk management strengths and the critical roles they play in the financial markets. Over that time Mike has also proven to be an innovator and inspired leader. The Board has great confidence in his ability to lead DTCC for the future."

"I would like to express our sincere gratitude to Don and publicly recognize his stellar leadership, expertise and many accomplishments during his 26-year career at DTCC," adds Druskin. "Under Don's leadership, DTCC firmly established its global footprint and demonstrated a consistent ability to manage and mitigate systemic risk in the global capital markets. Don has been an influential voice in Washington, DC, advancing positive change on behalf of the entire financial services industry. It's been a true pleasure for me to partner with Don to further DTCC's efforts to strengthen the safety and soundness of the financial markets." 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.sibos.comvisit www.vasco.comvisit www.temenos.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
12948 views comments | 27 tweets | 42 linkedin
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
8742 views comments | 13 tweets | 27 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8403 views comments | 19 tweets | 27 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
7917 views comments | 16 tweets | 1 linkedin
European Commission makes fintech a priority in supervisory shakeupEuropean Commission makes fintech a priori...
7720 views comments | 31 tweets | 45 linkedin

Featured job

A minimum of £200K (not a limiting factor)
London

Find your next job