DTCC has appointed Stephen Scharf to the newly created position of chief security officer.
Mark Clancy is stepping down as chief information security officer to focus on his full-time role as CEO of Soltra, DTCC and FS-ISAC’s joint a threat intelligence platform.
The new role is intended to help centralise and align DTCC’s information security, physical security, crisis management functions and employee safety, while also increasing resilience throughout the company.
Scharf joins from Experian, where he was global chief information security officer, responsible for strategy, leadership and governance in information security. Previously, he was global chief security officer for Bloomberg LP.
Andrew Gray, managing director and group chief risk officer at DTCC, said: “Risk management remains a top priority across the industry, and we look forward to [Scharf’s] contributions as we continue to protect DTCC and the global markets.”
Scharf added: “Financial services remains one of the most heavily targeted industries. To continue safeguarding our industry from threats, we must remain vigilant and focused.”
