The Depository Trust and Clearing Corporation (DTCC) elected two new members to its board of directors during the annual shareholders meeting, William Capuzzi and Kelley Conway.
As a post-trade infrastructure for the global financial services industry, DTCC’s board is responsible for determining the strategic direction of DTCC, as well as providing oversight and guidance on risk management, regulation, technology, innovation, and new product development.
Capuzzi is CEO of Apex Fintech Solutions, where he is responsible for setting the company’s vision and strategy to identify new areas of growth and opportunity.
With more than 20 years’ experience in the trading, clearing and custody business, Capuzzi previously held senior leadership roles at Convergex, Pershing and DLJ.
Conway is executive vice president and head of corporate and digital strategy at Northern Trust. In this role, she leads Northern Trust’s strategic planning process and enterprise digital strategy, including its roadmap to enhance client experience and improve security, stability and scalability.
Commenting on the board appointments, Robert Druskin, non-executive chairman of DTCC’s board, says: “We are pleased to welcome Bill and Kelley to the board of directors. Each brings decades of leadership and experience in financial services technology, which will be invaluable as DTCC continues to drive innovation by bringing new solutions and capabilities to market. We look forward to their insights and contributions.”
DTCC’s board of directors currently comprises 22 directors, of which 14 are participant directors representing clearing agency members, while four are non-participant directors, two are designated by DTCC's preferred shareholders, and the remaining two members are DTCC's non-executive chairman and president and CEO.
