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

A-Team Insight Blogs

DTCC Names Gray to Oversee Core Businesses

The Depository Trust & Clearing Corporation (DTCC) has appointed Andrew Gray, a long-time Merrill Lynch & Co veteran, to the new position of managing director, Core Product Strategy and Management.

In his new position, Gray will be responsible for overseeing DTCC’s core businesses, including US Clearance and Settlement of equities and fixed income products, Asset Services, Wealth Management Services and Insurance & Retirement Services. He will report to Michael Bodson, executive managing director for business management and strategy.

“Andrew brings more than 20 years of financial services experience to DTCC, with a substantial background in both U.S. and international activities,” said Donald Donahue, DTCC chairman and CEO. “He has a proven record in restructuring and growing businesses and has broad management experience in strategy, finance and technology. We’re pleased to having him join DTCC in this senior leadership role, as we continue to build and expand our business globally.”

Gray has spent more than a decade with Merrill Lynch. Most recently, he served as managing director and chief operating officer for Merrill’s Latin America and Canadian businesses, where he was responsible for the development and execution of the strategic plans and business growth initiatives for the region. Gray also was responsible for overseeing all support, control and infrastructure functions for the business. In addition to his COO responsibilities, he also served as country executive for the Central American, Andean and Caribbean region.

Before that, Gray served as a managing director in Strategy and Business Development for Merrill’s Global Markets and Investment Banking businesses and for Global Securities Research & Economics. In that role, he oversaw market analysis, strategic and business planning and execution and client segmentation analysis for multiple businesses.

Prior to his role on the Strategy and Business Development team, Gray was head of Corporate Planning for Merrill, where he was responsible for firm-wide planning, forecasting and budgeting, analysis and reporting for senior management and the Merrill Lynch board of directors. In addition, he served as chief financial officer for major support functions.

Before joining Merrill Lynch in 1998, he was a principal at the management consulting firm Booz-Allen & Hamilton, where he specialised in strategy, technology, organisational redesign and business process redesign for financial services clients around the globe for almost a decade.

Related content

WEBINAR

Recorded Webinar: Managing Entity Data for MiFID II Compliance: No LEI, No Trade

Don’t miss this opportunity to view the recording of this recently held webinar. MiFID II’s “No LEI, No Trade” requirement mandates all entities trading with European counterparties across all asset classes need to obtain legal entity identifiers (LEIs). This represents a major shift in the way LEIs are used for regulatory reporting and firms that...

BLOG

Broadridge Names David Ingleson as APAC COO

Broadridge Financial Solutions has appointed David Ingleson as chief operating officer for APAC. Based in Singapore, Ingleson will oversee regional implementation strategies, direct operations and support of capital markets clients in the region. He will also focus on further investing in Broadridge’s local market expertise and capabilities, and will report to Samir Pandiri, president of...

EVENT

RegTech Summit London

Now in its 5th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Data Lineage Handbook 2019

Welcome to our latest handbook on data lineage, a critical concern for data managers working to achieve regulatory compliance, deliver operational gains, and provide meaningful value to the business. The handbook covers the complete scope of data lineage, with a view to helping you win management buy-in and budget, decide whether to build or buy...