DTCC Adds Two Industry Veterans to Board of Directors

DTCC Adds Two Industry Veterans to Board of Directors
01.04.2020 08:53 am

DTCC Adds Two Industry Veterans to Board of Directors

People Moves

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade infrastructure for the global financial services industry, announced the election of two new members to its Board of Directors during the firm’s Annual Shareholders Meeting. The Board plays a critical role in overseeing the strategic direction of DTCC, working closely with the firm’s leadership and providing guidance around topics including risk management, regulatory matters, the development of new products and services, emerging fintech and more.

The new directors are Deborah Cunningham of Federated Hermes, Inc. and Craig Messinger of Virtu Financial.

Deborah Cunningham is a chief investment officer of Global Liquidity Markets at Federated Hermes. She joined Federated in 1981 as a performance analyst and has more than 30 years of investment experience. Since 1990 she has been a portfolio manager for all government and prime liquidity products. In addition to the domestic Taxable Liquidity portfolios, Cunningham also oversees the management of the domestic Tax-Exempt Liquidity portfolios as well as the Offshore Liquidity products.

Craig Messinger is a 40-year financial services industry veteran. He currently serves on the executive management team and is Vice Chairman at Virtu Financial, Inc. He is also the CEO for Virtu Americas LLC, one of Virtu’s FINRA registered broker-dealers. Before Virtu, Messinger was Executive Vice President and global head of trading and risk management at BNY Mellon and a member of the bank’s Operating Committee and the Global Markets Executive Committee.

“We are pleased to welcome Deborah and Craig to the Board of Directors,” said Robert Druskin, Non-Executive Chairman of DTCC’s Board. “They bring decades of experience in financial services and deep hands-on knowledge of post-trade processing to the Board, which will be invaluable as we focus on new opportunities to advance the mission of DTCC. We look forward to their insights, partnership and contributions in the years ahead.”

The DTCC Board of Directors is currently comprised of 21 Directors. Of these, 14 are participant Directors who represent clearing agency members, including international broker/dealers, custodian and clearing banks, and investment institutions; three are non-participant Directors; two Directors are designated by DTCC's preferred shareholders, ICE and FINRA; and the remaining two Board members are DTCC's Non-Executive Chairman and its President and Chief Executive Officer.

Related News

BIS Appoints Bénédicte Nolens as Head of the BIS Innovation Hub Hong Kong Centre

The Bank for International Settlements (BIS) today announced the appointment of Bénédicte Noella Nolens as head of the BIS... Read more »

genesis appoints Nick Kolba as Global Head of Platform

genesis, the global capital markets software firm, has further expanded its management team by appointing Nick... Read more »

Colt Technology Services appoints new Chief Executive Officer

Colt Technology Services has today announced the appointment of Keri Gilder as... Read more »

TORA expands global outsourced trading with two new traders based in New York

TORA, provider of the industry’s most advanced cloud-based and leading order and execution management system (OEMS), today announced two new... Read more »

UK Fintech Rimilia Announces New Chairman of the Board and Key Leadership Appointments

Rimilia, the leading SaaS-based fintech company, today announced it’s continuing to accelerate its growth with the recent appointment of Rob Luddy as Chairman of the Board,... Read more »

Sysnet Global Solutions Strengthens Senior Leadership Team

 Sysnet Global Solutions, a leading provider of cyber security and compliance solutions, has today announced several key... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel