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

Noel Donohoe Appointed DTCC’s New Group Chief Risk Officer

Subscribe to our newsletter

The Depository Trust & Clearing Corporation (DTCC) today announced that it has named Noel Donohoe to a newly created position as Executive Managing Director and Group Chief Risk Officer.

A financial services industry leader in global risk management, Donohoe will join DTCC in August, with responsibility for formulating and implementing DTCC¹s overall risk management strategy in collaboration with its senior management team.

Donohoe will oversee the organization¹s Enterprise Risk Management, Operational Risk Management and Systemic Risk teams. He is charged with ensuring that DTCC¹s comprehensive risk management initiatives are fully

integrated into its overall organizational efforts. Donohoe will also serve as a member of DTCC’s Management Committee and act as the principal advisor to the Board and to its Risk Committee on all risk matters. He will report to Robert Druskin, DTCC Executive Chairman and to DTCC’s Board Risk Committee.

“Noel brings impressive experience and leadership credentials to this important senior management position,” said Druskin. “We are thrilled to have Noel join us at this crucial point in time when so much change is taking place in the world’s financial infrastructure. The expertise he’s gained from more than 20 years of effectively managing risk for several of the financial industry’s largest financial institutions will be of great benefit to our customers, our regulators and our employees.”

Donohoe was most recently managing director, Global Head of Product Control, Credit Suisse. There he led efforts to build the organization’s product control process globally, successfully creating an organizational structure, hiring key talent, and redesigning systems, processes and technology. In this role, he was a member of Credit Suisse’s equity, fixed income and operational risk committees and was responsible for interacting with regulators in the U.S. and worldwide on issues relating to risk and capital.

Prior to that, Donohoe was Co-Head, Global Risk, for Merrill Lynch where he had responsibility for Market, Credit and Operational Risk worldwide, reporting directly to the chairman and CEO prior to the organization’s merger with Bank of America.

From 2005 -­ 2008, he was Chief Operating Officer and partner of hedge fund management firm Dune Capital. There, he was responsible for risk, operations, finance and administration.

Donohoe spent more than 11 years at Goldman Sachs, serving from 2000-2005 as Head of Firm-wide Risk. Prior to being promoted to that position, he was Chief Operating Officer of firm wide risk from 1998 ­ 2000, leading the rebuilding of the firm’s risk process in advance of its IPO and helping establish Goldman Sachs as a thought leader in risk disciplines. He was also global head of product control and global head of fixed income product control during the first four years of his tenure at the firm.

³DTCC has a long-standing reputation for safeguarding the financial markets and its participants from systemic and operational risk, especially during times of crisis. The critical role the organization has played in ensuring the integrity of our financial system is unparalleled,” said Donohoe. “I am excited to be joining such a talented and dedicated team of professionals who recognize the importance of risk management as a core capability.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: The Transformation of Buy-Side Market Surveillance

Asset managers, hedge funds, insurance firms, and other buy-side firms globally are becoming more active in their approach to market surveillance, as regulatory pressure to up their game mounts. Buy-side firms are now building out their surveillance infrastructure as they seek to respond to the requirements posed by Dodd-Frank, MiFID II and the Market Abuse...

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

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

RegTech Suppliers Guide 2020/2021

Welcome to the second edition of A-Team Group’s RegTech Suppliers Guide, an essential aid for financial institutions sourcing innovative solutions to improve their regulatory response, and a showcase for encumbent and new RegTech vendors with offerings designed to match market demand. Available free of charge and based on an industry-wide survey, the guide provides a...