DTCC Announces Four New Board Members

DTCC, the premier post-trade market infrastructure provider for the global financial services industry, has announced the addition of four new members to its Board of Directors on Thursday. 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.

The Board of Directors at DTCC plays a pivotal role in shaping the company's strategic direction. It collaborates closely with the firm's leadership, providing guidance on risk management, regulatory matters, the development of new products and services, and emerging financial technologies.

Brian Gallagher, who serves as Global Head of Markets Operations at JPMorgan Chase, leads a global team supporting the firm's Markets Sales and Trading businesses. Gallagher has been with JPMorgan Chase for 23 years, holding various leadership roles.

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

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

Igor Modlin, the 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. Modlin joined Goldman Sachs in 2005 and has held significant leadership positions, including managing director and partner.

Kevin M. Kessinger, Non-Executive Chairman of DTCC's Board, commented, "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."

The DTCC Board of Directors consists of 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.