After nearly 20 years with the Depository Trust & Clearing Corporation’s (DTCC) communications team, current managing director of corporate communications and public affairs Stuart Goldstein is due to depart for pastures unknown. Goldstein’s departure was announced in a recent intra-company memo and comes at a time when DTCC is raising its public profile in order to promote its services as a data utility and repository provider for the industry and regulators.
The vendor may be losing its key media spokesperson, but it certainly has the appetite to recruit a replacement quickly, given its recent spate of hiring. One can therefore expect to see a new high profile public facing appointment over the next month or so.
Goldstein has held his current role for the last 12 years and is the DTCC’s chief spokesperson to the media, as well as being involved in the business planning committee and advising the exec board on PR. Prior to his promotion to this role in June 1999, Goldstein was managing director of corporate communications for DTCC’s clearing and settlement focused subsidiary the National Securities Clearing Corporation (NSCC) for nearly seven years.
Prior to this, he was director of corporate communications at American Express for two years and, before that, vice president and deputy director of national public affairs for Citibank.
Goldstein has not been the only DTCC staff member to exit in recent months; David Hands, director of asset services product management at DTCC Solutions, also recently left the vendor to work as an independent consultant.