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 Appoints Four New Board Directors: Dan, Daffron, Taggart and Vince

Subscribe to our newsletter

The Depository Trust & Clearing Corporation (DTCC) has appointed four new members to its board of directors: Stephen Daffron from Morgan Stanley; Bernard Dan from MF Global; Richard Taggart of AllianceBernstein; and Robin Vince from Goldman Sachs. Donald Donahue, DTCC chairman and CEO, hopes that the recently appointed members will provide new insight and direction for the vendor as it attempts to grow its business against the background of the financial crisis.

Donahue reckons the appointees’ global executive experience will assist the board in this endeavour. This year’s board is composed of 18 directors serving one year terms, of which: 14 are representatives of clearing agency participants; two are designated by DTCC’s preferred shareholders, NYSE Euronext and the Financial Industry Regulatory Authority (Finra); and the remaining two are the chairman and CEO and the president and chief operating officer of DTCC. All of the board members except those designated by the preferred shareholders are elected annually.

Daffron is managing director and global head of Institutional Securities Group (ISG) Operations for Morgan Stanley, a role to which he was appointed last year. Prior to this, he was chief operating officer at Renaissance Technologies.

Dan has been CEO of MF Global since June last year, prior to which he was president and chief operating officer of the firm. Before joining MF Global, Dan was president and CEO of the Chicago Board of Trade (CBOT) from November 2002 until July 2007.

Taggart is executive vice president and head of global operations for AllianceBernstein, prior to which he worked for Morgan Stanley.

Vince is managing director and global head of operations for Goldman Sachs. He joined the firm in 1994 and was previously head of global money markets in fixed income, currencies and commodities, before assuming his current role in 2006.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: The keys to ESG data management success

The transition to a more environmentally and socially sustainable world has created an urgent and strategic priority for the banking and capital markets sector. Driven by stakeholder pressures from investors, regulators and customers to prioritise ESG considerations in their corporate agenda, ESG has accelerated digital transformation and brought a renewed focus on firms to improve...

BLOG

COP27 Announcements Highlight Critical Role of ESG Data

The COP27 climate summit in Egypt has put ESG data firmly in the spotlight as a key enabler of the financial sector’s critical role in solving the global sustainability challenges. From the formal unveiling of a global plan to make sustainability data accessible to every investor to the announcement of further progress in narrowing in...

EVENT

A-Team Briefing: Cloud Innovation for Data Ops

This Innovation Briefing will explore approaches to data infrastructure transformation, technologies required and how to make sure processes are optimised to support real time data management. Hear from leading practitioners and innovative technology solution providers who will share insight into how to set up and leverage your data infrastructure to provide user access to consistent data and analytics, and companies the ability to monetise their data.

GUIDE

Data Lineage Handbook 2019

Welcome to our latest handbook on data lineage, a critical concern for data managers working to achieve regulatory compliance, deliver operational gains, and provide meaningful value to the business. The handbook covers the complete scope of data lineage, with a view to helping you win management buy-in and budget, decide whether to build or buy...