BBH Veteran Bob Stewart Departs, Joins DTCC

Bob Stewart, former Brown Brothers Harriman (BBH) head of custody product, has joined the institutional trade processing (ITP) team at Depository Trust & Clearing Corporation (DTCC). 

Stewart will base in Boston, Massachusetts. In his new role, Stewart will be responsible for driving further automation in the institutional post-trade process.

Within this role, he will partner with the industry to achieve the ITP vision and strategy to drive an integrated post-trade lifecycle through settlement finality, develop solutions to help our clients prepare and manage CSDR requirements, and focus on the continued adoption of ALERT, DTCC's standing settlement instruction database.

Prior to joining DTCC, Stewart was served as Head of Custody Product at BBH, where he spent for more than 25 years.

Matt Stauffer, managing director, head of ITP at DTCC, remarked: “Bob Stewart brings a wealth of experience and expertise in delivering products and services for the buy side and custodians, and we are excited to have him join the ITP team with a focus on settlement and lifecycle management. We look forward to his future contributions as we continue to enhance our ITP suite of services to meet evolving client and industry needs.”

“I am delighted to be a part of the DTCC team, and look forward to working with my colleagues and the industry community to deliver an even more streamlined, no touch post-trade process. As clients continue to face increasing regulatory obligations, cost pressures and the need to mitigate risk throughout the trade lifecycle, I look forward to advancing solutions that further transform the post-trade process for the benefit of the industry,”Stewart added.