The Depository Trust & Clearing Corporation, the post-trade market infrastructure for the global financial services industry, has made several key leadership appointments that become effective on 10 April, 2023. The new appointees will report to Frank La Salla, DTCC’s president and chief executive officer, and serve on the company’s Management Committee.
The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services industry, has made several key leadership appointments that become effective on 10 April, 2023. The new appointees will report to Francis (Frank) La Salla, DTCC’s president and chief executive officer, and serve on the company’s Management Committee.
Susan Cosgrove, who has served as DTCC’s chief financial officer since 2013, has been named president, clearing & securities services. She will lead all equity and fixed income clearance and settlement, asset servicing and underwriting, wealth management and institutional trade processing businesses for DTCC, and also becomes chair of the ITP Board of Managers. Cosgrove has a wealth of business and financial experience, having led Settlement & Asset Services and Equity & Fixed Income Clearing Services prior to being appointed CFO.
Timothy Keady has been appointed chief client officer with responsibility for leading DTCC’s global sales, relationship management, partners and marketing and communications functions across all DTCC products and services. He will also drive the growth of the repository and derivatives services, consulting and data services businesses globally. Keady will also be nominated to serve again as chair of the DTCC Deriv/SERV LLC Board of Directors and the boards of DTCC Data Repository (U.S.) LLC; DTCC Derivatives Repository Plc; and DTCC Data Repository (Ireland) Plc.
Renee LaRoche-Morris joins DTCC as chief financial officer to lead DTCC’s global finance, treasury, strategic sourcing, real estate, corporate services, programme management and new initiatives oversight functions. She joins the company from State Street, bringing more than 20 years of financial services experience including in finance, strategy, operations and business management. Since 2021, LaRoche-Morris held multiple roles at State Street, including chief of staff to the chief operating officer and chief administrative officer of shared services and head of the integration management office for State Street’s acquisition of the investor services business of Brown Brothers Harriman.