The Depository Trust and Clearing Corporation (DTCC) has appointed Lisa Hershey as managing director of chief compliance officer, effective 1 January 2021.
Reporting to Ann Shuman, DTCC’s managing director and general counsel, Hersey will be responsible for leading the firm’s compliance function.
Hershey, who joined DTCC in 2009, currently serves as managing director and head of operational risk management, helping to expand and strengthen the firm’s capabilities to identify, assess and manage report and remediate operational risks, working in partnership with the firm’s business and functional leaders.
She will replace Susan DeSantis, the current chief complaint officer, who is set to retire in early 2021.
Commenting on Hersey’s new role, Shuman said: “Lisa Hershey’s expertise and experience will be critical as she oversees a team of professionals as they navigate an ever-growing list of rules and requirements across multiple jurisdictions. We look forward to her continued leadership and contributions to this key DTCC function.”
She added: “Susan DeSantis brought a deep knowledge of the industry, extensive regulatory contacts and strong professionalism to her leadership roles in compliance. We thank DeSantis for her tireless contributions to DTCC over the years and wish her the very best in her retirement.”
