Digital Network

ATMonitor Venommedia Cooconnect

RFP News

DTCC Announces Appointment of Andrew Leonard as Head of Operational Risk
Published on Sep 23, 2010

The Depository Trust & Clearing Corporation (DTCC) announced appointment of Andrew Leonard as managing director and head of Operational Risk for DTCC. In this new position, Leonard will report directly to Donald F. Donahue, DTCC chairman and chief executive officer.

Leonard is a financial industry veteran with more than 25 years’ experience leading operational risk, regulatory compliance and auditing. Most recently, he served as senior vice president and head of Operational Risk for Fannie Mae from 2006 through 2009. He held similar senior roles with both Wachovia Bank and at Goldman Sachs Group prior to that.

“We are delighted that a person with Andy’s broad expertise will be leading operational risk at this critical juncture,” said Donahue. “While DTCC has an extremely strong record of managing during times of industry crisis and mitigating risk, as we did during the Lehman Brothers, Inc bankruptcy, there’s no question that we need to rise to an even higher level of performance.

“Andy will play a key role in helping us transform DTCC in how we think about risk, how we manage it and how we achieve “best in class” risk capabilities to protect DTCC—and the industry.”

Over the past several months, DTCC has been working with Ernst & Young to craft a detailed vision of the enhanced operational risk capabilities that DTCC is looking to implement. The new program will serve as a road map for the company and Leonard will have primary responsibility for guiding the execution of the plan. While building on past efforts and accomplishments, the new plan outlines a top-to-bottom systematic and disciplined review of all activities across the organization from an operational risk perspective.


Tags
Vendor name: DTCC
Product type: Accounting | Alternative Investment | Banking Systems | Business Intelligence | Communications | Connectivity | Infrastructure | Trading Systems | Treasury Analytics

0 comments Post Comment plus

On our website you can find 6000 products from 3157 companies
Announce your products/ services on RFPConnect.com! Listing Costs $250 per/year Get listed today!

Featured Vendor

PriceMetrix Inc.

Logo PriceMetrix is a software firm that helps retail wealth management firms and their advisors optimize selling efforts, manage clients, identify growth opportunit ...

VISIT VENDOR PAGE >>
Version Control

FRSGlobal − Front Runner in Risk Mgmt and Regulatory Reporting

picture

Steve Husk, CEO of FRSGlobal, discusses the factors financial institutions are faced with in order to equip themselves against the current regulatory environment.

View ISSUE >>
Whitepaper
Research Paper

Sponsored Vendors

Don't miss out!

We're constantly updating RFPConnect.com with the latest news and research from hundreds of leading technology vendors.

Sign Up to our e-mail alert service to stay up to date.