The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

DTCC Board Elects Michael Bodson Chief Operating Officer

Share article

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.

Related content

WEBINAR

Recorded Webinar: Senior Managers and Certification Regime (SMCR) – challenge or opportunity?

Are you ready to meet the requirements of the Senior Managers and Certification Regime (SMCR) when it comes into force for all firms authorised by the Financial Conduct Authority (FCA) in December 2019? Have you allocated all your staff to one of the four categories available under SMCR? Has your firm prepared a ‘statement of...

BLOG

RIMES Strengthens Executive Team to Drive Growth

Buy-side data management specialist, RIMES Technologies, has strengthened its executive team with three new hires as it gears up for growth following investment from EQT early this year. The hires include Alex Myers as chief product officer, Scott Miller as chief revenue officer, and Matthew Bagley as chief financial officer. The company says the additions...

EVENT

Data Management Summit New York City

Now in its 10th year, the Data Management Summit (DMS) in NYC explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.

GUIDE

Regulatory Data Handbook – Fourth Edition

Need to know all the essentials about the regulations impacting data management? Welcome to the Fourth edition of our A-Team Regulatory Data Handbook which provides all the essentials about regulations impacting data management. A-Team’s series of Regulatory Data Handbooks are a great way to see at-a-glance: All the regulations that are impacting data management today A...