The Depository Trust & Clearing Corporation (DTCC) has elected two new members to its board of directors.
The new directors are Claudine Gallagher, Americas regional head for the securities services business of BNP Paribas, and Joseph Molluso, executive vice president and chief financial officer of Virtu Financial.
Serving at BNP Paribas, Gallagher is responsible for the strategic development of the region, and its client and product development.
Gallagher serves on senior committees throughout BNP Paribas, including the executive committees of the BNP Paribas Americas territory and of BNP Paribas Securities Services.
At Virtu Financial, Molluso overall responsibilities include strategic planning, operational responsibilities and day-to-day management. Prior to joining Virtu, Molluso spent nearly twenty years in the financial services industry.
The DTCC board of directors is currently comprised of 20 directors.
Robert Druskin, non-executive chairman of DTCC’s board, said: “We are pleased to welcome Claudine Gallagher and Joseph Molluso to the DTCC board of directors.”
He added: “They bring decades of valuable experience and leadership to the board as well as unique perspectives on the challenges facing the industry today and how DTCC can continue to broaden its capabilities to support our clients. We look forward to working with them in the coming years.”
