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: Brexit: Reviewing the regulatory landscape and the data management response

With Brexit behind us and the UK establishing its own regulatory regime having failed to reach equivalence with the EU, financial firms face challenges of double reporting, uncertainty about UK regulation, and a potential exodus of top talent. The data management response is not easy and could stretch some firms to the limit as they...

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

Complex Event Processing

Over the past couple of years, Complex Event Processing has emerged as a hot technology for the financial markets, and its flexibility has been leveraged in applications as diverse as market data cleansing, to algorithmic trading, to compliance monitoring, to risk management. CEP is a solution to many problems, which is one reason why the...