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DTCC Welcomes Four New Board Members

DTCC Welcomes Four New Board Members


The Depository Trust & Clearing Corporation (DTCC), a leading post-trade market infrastructure provider for the global financial services industry, has announced the appointment of four new members to its Board of Directors. The new appointees are Brian Gallagher of JPMorgan Chase, Christopher Gelvin of UBS, Jon Herrick of the New York Stock Exchange (NYSE), and Igor Modlin of Goldman Sachs.

DTCC’s Board of Directors is crucial in steering the company’s strategic direction, working closely with the leadership to offer guidance on risk management, regulatory issues, new product development, and emerging financial technologies.

Brian Gallagher, Global Head of Markets Operations at JPMorgan Chase, leads a global team supporting the firm’s Markets Sales and Trading businesses. With 23 years at JPMorgan Chase, Gallagher has held various leadership positions.

Christopher Gelvin, Chief Operating Officer of the Group Operations and Technology Office (GOTO) at UBS, oversees strategic planning, data governance, and the technology investment portfolio across the firm. Gelvin brings nearly 20 years of experience at UBS in various operations and technology leadership roles.

Jon Herrick, Chief Product Officer at NYSE, part of Intercontinental Exchange, is responsible for product development and innovation across all exchange business areas. Previously, Herrick served as Head of Markets at NYSE, managing the exchange’s equities and options businesses.

Igor Modlin, Global Head of Prime Services Product Development at Goldman Sachs, manages the Prime Services’ front-to-back efforts and is a member of the U.S. Client Assets Steering Committee. Since joining Goldman Sachs in 2005, Modlin has held significant leadership roles, including managing director and partner.

Kevin M. Kessinger, Non-Executive Chairman of DTCC’s Board, expressed his enthusiasm about the new appointments:

“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.”

DTCC’s Board of Directors comprises 22 members, including 13 participant Directors representing clearing agency members, five non-participant Directors, two Directors designated by DTCC’s preferred shareholders (NYSE/ICE and FINRA), and DTCC’s Non-Executive Chairman and its President and Chief Executive Officer.

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