About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

DTCC Board Elects Michael Bodson Chief Operating Officer

Subscribe to our newsletter

The Depository Trust & Clearing Corporation (DTCC) announced today that DTCC’s Board of Directors has elected Michael C. Bodson to the post of chief operating officer (COO), effective immediately. Bodson will also become president and chief operating officer of DTCC’s U.S. regulated subsidiaries, The Depository Trust Company (DTC), National Securities Clearing Corporation (NSCC) and the Fixed Income Clearing Corporation (FICC).

Bodson will report to Donald F. Donahue, DTCC’s chairman and chief executive officer, and will become a member of DTCC’s Board of Directors at its October meeting. Bodson is taking on the COO title from William B. Aimetti, who will be retiring in 2011. However, Aimetti will retain his current title as president of DTCC and will continue to serve on DTCC’s board until his retirement.

As chief operating officer, Bodson will have enterprise-wide responsibility for all Information Technology and Operations at DTCC. In addition, he oversees two major businesses: DTCC’s Trade Information Warehouse for over-the-counter (OTC) derivatives and EuroCCP, DTCC’s European clearing and settlement organization. Bodson will continue serving as chairman for both EuroCCP and MarkitSERV, a global joint venture for OTC derivatives that DTCC is involved with in partnership with Markit.

“Since joining DTCC, Mike has been heavily involved in helping to transform DTCC into a global organization with extensive new global capabilities and services,” said Donahue. “He has broad and diverse leadership experience in financial services over a 25+ year career, including initiating and growing business in overseas markets. This experience, coupled with his strategic understanding of the issues facing our industry, make him exceptionally qualified to help lead DTCC as we take on the many post-crisis risk management challenges in the future.”

The appointment of Bodson as COO is part of a planned succession of DTCC’s leadership that has been under way for the past several years.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Regulation and Risk as Data Management Drivers

This webinar has passed, but you can view the recording by registering here. As the regulatory onslaught continues, more forward-thinking financial institutions are seeking ways to build a data management and data governance framework that spans regulations and provides a methodology for expanding scope as the regulations continue to evolve. How can this be achieved?...

BLOG

Interactive Data’s Plans for Continuous Evaluated Pricing

Interactive Data, which has historically had strong roots in the back office with its end-of-day pricing services, has been ramping up to provide streaming evaluated bond prices in the form of its Continuous Evaluated Pricing (CEP) service and is seeking to expand its reach into core middle and front office functions within the financial enterprise....

EVENT

Eagle Alpha Alternative Data Conference, Fall, New York, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

Trading Regulations Handbook 2021

In these unprecedented times, a carefully crafted trading infrastructure is crucial for capital markets participants. Yet, the impact of trading regulations on infrastructure can be difficult to manage. The Trading Regulations Handbook 2021 can help. It provides all the essentials you need to know about regulations impacting trading operations, data and technology. A-Team Group’s Trading...