The Depository Trust & Clearing Corporation (DTCC) has added to its board of directors with the appointment of James Tabacchi, president and CEO of South Street Securities.
Based in New York, he has worked at South Street Securities for 21 years. As founder and chief executive, he is responsible for all aspects of several business lines.
These business lines are designed to provide liquidity and balance sheet capacity on a white label basis to the capital markets.
Prior to South Street Securities, he worked at Citicorp Securities as managing director and treasurer.
At DTCC, Tabacchi has been elected for a five-year term on the board, which plays a critical role in overseeing the strategic direction of the corporation.
This includes working closely with the firm’s leadership and advising on topics including risk management, regulatory matters, the development of new products and services, emerging fintech and more.
Last month, DTCC collaborated with the Securities Industry and Financial Markets Association , and the Investment Company Institute to accelerate the move of the US securities settlement cycle to T+1.
