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: ESG: A Growth Opportunity and a Regulatory Challenge

ESG investing, regulation and compliance are central concerns for financial institutions, although not all jurisdictions are equal. In the US, ESG has become a partisan issue making SEC regulation uncertain; the EU is on good form and has already implemented multiple regulations; and Asia Pacific is advancing as regulators and exchanges deploy ESG rules. Greenwashing...

BLOG

Juniper Square Seeks to Democratise Private Markets with Data

Juniper Square has, from a virtual standing start, become one of the fastest-growing providers of data and investor services to private-market participants. Earlier in the summer it received a US$130 million series D capital injection that underscored its prospects and valued the company within unicorn territory. That’s unsurprising for a company whose platform has, since...

EVENT

TEST Event page 2

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

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...