DTCC has appointed Brian Gallagher, Christopher Gelvin, Jon Herrick and Igor Modlin to its board of directors.
Gallagher serves as global head of markets operations at JP Morgan Chase, and has been with the firm for the past 23 years.
Currently group operations and technology office chief operating officer at UBS, Gelvin has more than 25 years of industry experience. The majority of his career has been spent at UBS, which he joined in 2006. He has held a variety of senior roles at the firm, including chief transformation officer and director of the Americas wealth management platform.
Herrick is chief product officer at the NYSE, with responsibility for product development and innovation across the exchange business. With close to 25 years of experience, he has held a number of senior roles during his career including head of markets and head of equities at NYSE.
As global head of prime services product development at Goldman Sachs, Modlin covers the front-to-back efforts of the prime services division. He has close to 30 years of industry experience, and became a partner at Goldman Sachs in 2018.
The board, which helps to set DTCC’s strategic direction and works with the firm on an advisory level, is comprised of 22 members: 13 participant directors representing clearing agency members, five non-participant directors, two directors appointed by DTCC’s preferred shareholders (NYSE and FINRA), the DTCC non-executive chairman and the president and CEO.
Commenting on the appointments, Kevin Kessinger, non-executive chairman of the board, said: “We are pleased to welcome Brian, Christopher, Jon and Igor to the board of directors. They bring extensive leadership skills, deep subject matter expertise and diverse experiences in financial services to the Board at a time when the industry is looking to DTCC for enhanced support.
“As our company takes on a larger role leading change through innovation, we look forward to their guidance, insights and contributions.”
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