Watson joins DTCC as Managing Director and Head of Asset Services
25 February 2026 US, UK
Image: seogi/sttock.adobe.com
The Depository Trust and Clearing Corporation (DTCC) has appointed Adam Watson as managing director and head of Asset Services.
In this role, Watson will lead the strategic direction, performance, and modernisation of DTCC’s global Asset Services business, overseeing operational delivery, product innovation, regulatory engagement, and client experience.
He will report to Brian Steele, managing director, president of Clearing and Securities Services at DTCC.
Watson joins DTCC from BNY, where he most recently served as managing director of Client Insight and Innovation within Asset Servicing.
Prior to BNY, Watson spent more than a decade at J.P. Morgan, where he held leadership positions across global custody product management, finance, and operations.
Commenting on his appointment, Steele says: “Adam is a proven leader with deep expertise across custody, asset servicing, and capital markets.
“He brings a strong track record of driving large-scale transformation, modernising market-critical platforms, and delivering meaningful outcomes for clients.
“His experience and leadership will be instrumental as DTCC continues to advance and strengthen its asset services capabilities for the industry.”
Watson adds: “DTCC plays a unique and vital role in safeguarding and advancing the global financial system.
“I’m excited to join the firm at a time of significant industry transformation and look forward to working with the Asset Services team to enhance resiliency, accelerate modernisation, and deliver even greater value to clients worldwide.”
In this role, Watson will lead the strategic direction, performance, and modernisation of DTCC’s global Asset Services business, overseeing operational delivery, product innovation, regulatory engagement, and client experience.
He will report to Brian Steele, managing director, president of Clearing and Securities Services at DTCC.
Watson joins DTCC from BNY, where he most recently served as managing director of Client Insight and Innovation within Asset Servicing.
Prior to BNY, Watson spent more than a decade at J.P. Morgan, where he held leadership positions across global custody product management, finance, and operations.
Commenting on his appointment, Steele says: “Adam is a proven leader with deep expertise across custody, asset servicing, and capital markets.
“He brings a strong track record of driving large-scale transformation, modernising market-critical platforms, and delivering meaningful outcomes for clients.
“His experience and leadership will be instrumental as DTCC continues to advance and strengthen its asset services capabilities for the industry.”
Watson adds: “DTCC plays a unique and vital role in safeguarding and advancing the global financial system.
“I’m excited to join the firm at a time of significant industry transformation and look forward to working with the Asset Services team to enhance resiliency, accelerate modernisation, and deliver even greater value to clients worldwide.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
