DTCC Names Lisa Hershey Chief Compliance Officer

​The Depository Trust & Clearing Corporation (DTCC), a post-trade infrastructure for the global financial services industry, announced this Wednesday that it has appointed Lisa Hershey as Managing Director and Chief Compliance Officer. Its current CCO is planning to retire in early 2021 after 25-year service with the company.

In her new role effective January 1, 2021, Hershey will be responsible for leading the firm's compliance function. She will report to Ann Shuman, Managing Director and General Counsel of the American post-trade financial services company.

According to the firm's statement, Hershey has been with DTCC for over 11 years. Currently serving as Managing Director and Head of Operational Risk Management (ORM), she knows nearly every aspect of the company's business and its approach to effective risk management and compliance and has been recognized as a driving force in expanding and strengthening DTCC's capabilities to identify, assess, manage, report and remediate operational risks.  

Prior to DTCC, Hershey spent 12 years at Merrill Lynch where she held various roles in Compliance, Market and Credit Risk Management, and Capital Market areas. Her most recent role at Merrill Lynch was First Vice President.

Commenting on the appointment of Hershey, Ann Shuman said, "Hershey's expertise and experience will be critical as she oversees a team of professionals as they navigate an ever-growing list of rules and requirements across multiple jurisdictions. We look forward to her continued leadership and contributions to this key DTCC function."