Ultimus Fund Solutions has appointed Susan Cosgrove to its board of directors.
Cosgrove currently works as managing director and chief financial officer of the Depository Trust & Clearing Corporation (DTCC).
Cosgrove leads DTCC’s global finance, treasury, strategic sourcing, real estate, corporate services, and new initiatives oversight teams.
She is a member of DTCC’s management committee, management risk committee and co-chairs the investment and operating committee.
In addition, she chairs DTCC’s Deriv/SERV board of directors, as well as the boards of several of the DTCC trade repositories.
Previously, Cosgrove has worked as managing director and general manager of settlement and asset services, overseeing all depository businesses, and the general manager for DTCC’s equity and fixed income clearing services.
During her career, she has also taken on roles at Lehman Brothers, Maxcor Financial Group and PwC.
Ultimus CEO Gary Tenkman states: “[Susan Cosgrove] has long been instrumental in guiding DTCC’s strategic approach to incorporating new technologies and using fintech to drive efficiencies and reduce risk and costs. She is a powerful advocate for finding the right balance between innovation and disciplined, structured decision-making.”
“Cosgrove’s vision is aligned with Ultimus’ ongoing commitment to leveraging the industry’s most advanced technology to streamline our operations and provide new solutions for investment managers and their clients. We are excited about the rich experience and insight Susan brings to the table and welcome her contributions to our business,” Tenkman adds.
