Two new members for DTCC board
June 4, 2018

The Depository Trust & Clearing Corporation (DTCC) has announced the election of two new members to its Board of Directors during the firm's Annual Shareholders Meeting.

They are Claudine Gallagher and Joseph Molluso.

Gallagher is Head of the Americas for the Securities Services business of BNP Paribas, where she is responsible for the strategic development of the region, spearheading its client and product development. The DTCC notes that Gallagher serves on senior committees throughout the Bank, including the Executive Committees of the BNP Paribas Americas Territory and of BNP Paribas Securities Services. 

Molluso is an Executive Vice President and Chief Financial Officer of Virtu Financial, where he helped lead the process that enabled Virtu to become a public company and executed a major acquisition in 2017 when Virtu acquired KCG Holdings. Mr. Molluso's overall responsibilities include strategic planning, operational responsibilities and day-to-day management. Before joining Virtu, Molluso spent nearly 20 years in the financial services industry. 

The DTCC Board of Directors is currently comprised of 20 Directors. Of these, 13 are participant Directors who represent clearing agency members, including international broker/dealers, custodian and clearing banks, and investment institutions; three are non-participant Directors; two Directors are designated by DTCC's preferred shareholders, ICE and FINRA; and the remaining two Board members are DTCC's Non-Executive Chairman and its President and Chief Executive Officer. 





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The Depository Trust & Clearing Corporation (DTCC) has announced the election of two new members to its Board of Directors during the firm's Annual Shareholders Meeting.

They are Claudine Gallagher and Joseph Molluso.

Gallagher is Head of the Americas for the Securities Services business of BNP Paribas, where she is responsible for the strategic development of the region, spearheading its client and product development. The DTCC notes that Gallagher serves on senior committees throughout the Bank, including the Executive Committees of the BNP Paribas Americas Territory and of BNP Paribas Securities Services. 

Molluso is an Executive Vice President and Chief Financial Officer of Virtu Financial, where he helped lead the process that enabled Virtu to become a public company and executed a major acquisition in 2017 when Virtu acquired KCG Holdings. Mr. Molluso's overall responsibilities include strategic planning, operational responsibilities and day-to-day management. Before joining Virtu, Molluso spent nearly 20 years in the financial services industry. 

The DTCC Board of Directors is currently comprised of 20 Directors. Of these, 13 are participant Directors who represent clearing agency members, including international broker/dealers, custodian and clearing banks, and investment institutions; three are non-participant Directors; two Directors are designated by DTCC's preferred shareholders, ICE and FINRA; and the remaining two Board members are DTCC's Non-Executive Chairman and its President and Chief Executive Officer. 



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