DTCC, the premier post-trade market infrastructure for the worldwide monetary providers trade, at the moment introduced that 4 new Board Members have joined its Board of Administrators. The Board performs a essential function in setting the strategic path of DTCC, working carefully with the agency’s management and advising on matters together with danger administration, regulatory issues, the event of recent services and products, rising fintech and extra.
The brand new DTCC Administrators are Brian Gallagher of JPMorgan Chase, Christopher Gelvin of UBS, Jon Herrick of the New York Inventory Change and Igor Modlin of Goldman Sachs.
Brian Gallagher serves as International Head of Markets Operations at JPMorgan Chase. Gallagher leads a world staff that’s answerable for all points of operational assist for the Markets Gross sales and Buying and selling companies. Gallagher has labored at JPMorgan Chase for 23 years, holding varied roles and management positions on the agency.
Christopher Gelvin serves as Group Operations and Expertise Workplace (GOTO) Chief Working Officer at UBS. Gelvin is answerable for strategic planning and working administration for GOTO, information governance and the expertise funding portfolio throughout the agency.
He has been with UBS for practically 20 years, holding a number of management roles in Operations and Expertise.
Jon Herrick serves as Chief Product Officer on the NYSE, part of Intercontinental Change, the place he’s answerable for product improvement and innovation throughout all areas of the trade enterprise. In his function, he oversees the NYSE’s transactions and market information companies, driving aggressive technique and distribution. Beforehand, Jon served as Head of Markets on the NYSE, overseeing the trade’s equities and choices companies.
Igor Modlin serves as International Head of Prime Companies Product Improvement at Goldman Sachs, the place he’s answerable for
Prime Companies’ entrance to again efforts. He’s additionally a member of the U.S. Consumer Belongings Steering Committee. Modlin joined Goldman Sachs in 2005 and was named managing director in 2010 and associate in 2018.
“We’re happy to welcome Brian, Christopher, Jon and Igor to the Board of Administrators,” stated Kevin M. Kessinger, Non-Government Chairman of DTCC’s Board. “They convey in depth management expertise, deep material experience and numerous experiences in monetary providers to the Board at a time when the trade is trying to DTCC for enhanced assist. As our firm takes on a bigger function main change by way of innovation, we look ahead to their steering, insights and contributions.”
The DTCC Board of Administrators is at the moment composed of twenty-two Administrators. Of those, 13 are participant Administrators who signify clearing company members, together with worldwide dealer/sellers, custodian and clearing banks and funding establishments; 5 are non-participant Administrators; two Administrators are designated by DTCC’s most popular shareholders, NYSE/ICE and FINRA; and the remaining two Board members are DTCC’s Non-Government
