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 Names BNY Mellon Executive Frank La Salla as President and CEO

Subscribe to our newsletter

DTCC has named Francis (Frank) La Salla as president and CEO of the company with effect from 12 August 2022. He will join DTCC from BNY Mellon, where he is CEO of the bank’s issuer services business and a member of the executive committee. La Salla’s appointment is the result of long-term succession planning and a rigorous search process based on the scheduled retirement of Michael C. Bodson, who has served as DTCC’s CEO since July 2012.

La Salla will join DTCC on 13 June 2022 as CEO-elect, and between June and August will work with Bodson to ensure an orderly transition of responsibilities. From August 2022, he will lead the company’s principal operating subsidiaries, and become a member of its board of directors, and management committee.

La Salla joins DTCC following a 28-year career at BNY Mellon, where he held several senior positions. Prior to joining BNY Mellon, he was CEO of BHF Securities Corporation, the US broker-dealer subsidiary of Germany’s BHF Bank, and COO of Société Générale Securities with responsibility to develop the French financial institution’s US brokerage business.

Commenting on La Salla’s appointment, Robert Druskin, non-executive chairman of DTCC’s board, says: “Frank brings extensive global experience across a wide range of front office and functional support roles to DTCC, which will be pivotal to advancing the organisation’s growth strategy at a time when markets are evolving rapidly.”

On the retirement of Bodson, he says: “Over the past 10 years, Mike Bodson has transformed DTCC into a client-driven firm that stands at the forefront of innovation and is recognised as a respected and influential voice on a wide range of key industry topics. He has strengthened virtually every part of the organisation during his tenure and has positioned DTCC to remain a global leader during a period of unprecedented change.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Risk Data Analytics

How is data being managed and fed into analytics to improve risk management today? In this webinar we explore: During this session we will discover how; Incoming regulations, from BCBS 239 to the Fundamental Review of the Trading Book and Solvency II, are putting new emphasis on the importance of accurate, timely and consistent risk...

BLOG

SmartStream Chief Jaffer Sees Rapid Change in Year at Helm

Just over a year into his tenure as chief executive of financial data automation provider SmartStream, Akber Jaffer finds himself surveying a data industry that’s changed enormously over his short time at the UK-based company. Chat GPT was a year old when he took on his new role and the artificial intelligence (AI) technology’s revolutionary...

EVENT

TradingTech Summit London

Now in its 14th 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

Regulatory Data Handbook – Second Edition

Need to know all the essentials about the regulations impacting data management? A-Team’s Regulatory Data Handbook is a great way to see at-a-glance: All the regulations that are impacting data management today A description of each regulation The impact each will have from a data and data management perspective Messages from sponsors with products related to...