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: How agile data management can power business transformation

An asset manager’s ability to successfully execute on business transformation plans can make the difference between thriving and barely surviving in today’s competitive, digitally connected and regulatory-constrained environment. The more progressive buy-side firms are embarking on business transformation programmes that range from expansion across asset classes or geographies, introduction of new products, digital transformation to...

BLOG

New Data Partnership Approach Urged for Investors in SimCorp Report

Investment managers must take a fresh approach to data management, stressing trusted partnerships with outside expertise over traditional outsourcing models, as they seek to adapt to a rapidly changing economic landscape, a report has urged. The binary build-versus-buy strategy that has been the basis of innovation adoption for decades has been upended by advances in...

EVENT

AI in Capital Markets Summit London

Now in its 3rd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.

GUIDE

Trading Regulations Handbook 2022

Welcome to the third edition of A-Team Group’s Trading Regulations Handbook, a publication designed to help you gain a full understanding of regulations that have an impact on your trading operations, data and technology. The handbook provides details of each regulation and its requirements, as well as ‘at-a-glance’ summaries, regulatory timelines and compliance deadlines, and...