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: How are you managing the need to demonstrate trade reconstruction?

Best execution under MiFID II and other current regulations presents practitioners with a daunting challenge: How does my firm provide evidence that it acted in the best interests of the client? The response necessarily requires storage of vast quantities of data from multiple sources and communications channels, for long periods of time – in the...

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

AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

The Trading Regulations Handbook

Need to know all the essentials about the regulations impacting trading infrastructure? Welcome to the first edition of our A-Team Trading Regulations Handbook which provides all the essentials about regulations impacting trading operations, data and technology. A-Team’s Trading Regulations Handbook is a great way to see at-a-glance: All the regulations that are impacting trading technology...