The Depository Trust & Clearing Corporation (DTCC) is making several executive management appointments, effective by 1 September.
Ellen Fine Levine has been appointed executive client officer, a new position for the company. Currently chief financial officer at the firm, her primary responsibility will be to enhance DTCC’s client coverage strategy for the company’s top and middle market clients globally.
Susan Tysk-Cosgrove, general manager of settlement and asset services is replacing Levine as chief financial officer.
Daniel Thieke is taking Cosgrove’s role, and will initiatives such as the corporate actions reengineering effort, dematerialisation of physical securities and leading continued structural changes to US settlement processes.
Alexander Broderick will join the company as CEO of DTCC Deriv/SERV. Based in London, he will oversee DTCC’s overall OTC derivatives global post-trade processing and trade reporting.
Broderick is currently CEO of New York Portfolio Clearing (NYPC), and over the coming months will have dual responsibilities and continue to lead NYPC as he transitions to his new role.
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Stewart Macbeth, who is currently the CEO of DTCC Deriv/SERV, moves to the newly-created position of chief product development officer, focussed on leading the company’s continued work to grow this business.
Other leadership appointments within DTCC Deriv/SERV include COO Chris Childs, who expands his responsibilities to include all derivatives business and product management; Marisol Collazo who assumes the position of US CEO for the DTCC Data Repository, interacting with regulatory bodies to ensure the company is meeting requirements; and Peter Tierney, who continues as the head of OTC derivatives for Asia.??
Lynn Bishop has been named chief technology officer. She is currently managing director of the clearing services applications development and maintenance team, where she led all applications development supporting DTCC’s equities, fixed income, wealth management services and insurance businesses.
In July, DTCC took full control of post-trade services provider Omgeo after agreeing to acquire Thomson Reuters’s 50 percent stake in the company.
