Mike Bodson Named CEO of Financial Services Firm

Greenwich resident Michael Bodson has been named president and CEO of The Depository Trust & Clearing Corp. (DTCC), a global financial services company, based in New York City.

The former member of the Greenwich Board of Education who is Chief Operating Officer of DTCC and Chief Operating Officer and President of three DTCC subsidiaries—The Depository Trust Company (DTC), National Securities Clearing Corporation (NSCC) and Fixed Income Clearing Corporation (FICC)—will assume the post July 1. He will succeed Donald Donahue who is retiring.

"His in-depth knowledge and expertise in the key issues that impact our market and its infrastructure, coupled with his highly-regarded management style, make him the natural choice to lead DTCC into the future," DTCC Executive Chairman Bob Druskin said in a prepared statement.

"Since joining our company in 2007, Mike has been a strong driver for change, working tirelessly to solidify our global footprint, expand our services to a wider client base and enhance our risk mitigation capabilities," Druskin also said. "He has a deep understanding of DTCC’s operations, systems and risk management strengths and the critical roles they play in the financial markets."

DTCC, through its subsidiaries, provides clearing, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks.

Bodson joined DTCC in 2007 as executive managing director for Business Management and Strategy, where he was responsible for consolidating the product management of all DTCC business lines, strategic planning, relationship management and marketing under one umbrella.

Prior to joining DTCC, for more than 20 years Bodson held a number of senior management positions with Morgan Stanley. In his last position at Morgan Stanley, he was global head of the Institutional, Retail and Asset Management Operations Department. He also had responsibility for operational risk, business continuity planning and information security.

Before that, he served as divisional operations officer for the Institutional Securities Group and head of the Enterprise Information Group. In the mid-1990s, he served as head of Finance, Administration and Operations for Morgan Stanley Japan in Tokyo and prior to that, he held similar responsibilities for Morgan Stanley Asia in Hong Kong.

Before joining Morgan Stanley in 1986, Bodson worked at Bear Stearns and Price Waterhouse. He has dual degrees from Boston College, graduating magna cum laude, with majors in accounting and English. He is also a certified public accountant.

Active in Greenwich Republican politics, Bodson has served as finance co-chair of First Selectman Peter Tesei's reelection campaign committee.