Bob Stewart has been appointed executive director of institutional trade processing (ITP) at DTCC, based in Boston, Massachusetts.
In his new role, Stewart will be responsible for leading industry initiatives that drive further automation in the institutional post-trade process.
He will partner with the industry to drive an integrated post-trade lifecycle through settlement finality, develop solutions to help clients prepare and manage the Central Securities Depositories Regulation (CSDR) requirements, as well as focus on the continued adoption of Alert, DTCC’s standing settlement instruction database.
Stewart joins DTCC from Brown Brothers Harriman (BBH) where started working in 1995.
Most recently, he served as head of custody product at BBH, after taking on the role in November 2018.
Matt Stauffer, managing director, head of ITP at DTCC, said: “Bob Stewart brings a wealth of experience and expertise in delivering products and services for the buy side and custodians, and we are excited to have him join the ITP team with a focus on settlement and lifecycle management.”
“We look forward to his future contributions as we continue to enhance our ITP suite of services to meet evolving client and industry needs.”
Commenting on his appointment, Stewart added: “I am delighted to be a part of the DTCC team, and look forward to working with my colleagues and the industry community to deliver an even more streamlined, no touch post-trade process.”
“As clients continue to face increasing regulatory obligations, cost pressures and the need to mitigate risk throughout the trade lifecycle, I look forward to advancing solutions that further transform the post-trade process for the benefit of the industry.”
