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The 2015 Tech 50: Michael Bodson

The president and CEO of Depository Trust & Clearing Corp. jumps to No. 14 on this year’s Tech 50 ranking.

Michael Bodson
President and Chief Executive Officer
Depository Trust & Clearing Corp.

In 2012, soon after being promoted from COO to CEO of Depository Trust & Clearing Corp., Michael Bodson presided over the heroic rescue of 1 million waterlogged documents left in Superstorm Sandy’s wake. The challenges confronting the premier posttrade utility, which processes $1.6 quadrillion in securities transactions annually, have only escalated from there. The New York–based infrastructure operator and its 57-year-old president and CEO have staked out a forward position in the battle against cybercrime. DTCC last year formed a joint venture with the Financial Services Information Sharing and Analysis Center to market Soltra Edge, which streamlines dissemination of threat intelligence among a network of users. Five hundred financial companies have downloaded the system, and 500 in the retail, medical and other industries are looking at it. “It’s a small business but one of the most exciting things we’re doing,” Bodson says. Joint venturing is a recurring theme: DTCC and six banks formed Clarient Global, a data management utility supporting know-your-customer and other regulatory documentation requirements, and DTCC linked up with Euroclear to provide collateral-processing services through DTCC-Euroclear GlobalCollateral. “There’s a realization that a lot of activities are very similar and don’t give you a competitive edge,” says Bodson, who retired from Morgan Stanley as global head of institutional, retail and asset management operations before joining the DTCC executive team in 2007. “In those cases it’s better to work together. Because we’re industry-owned, we’re one of the first places the industry turns to.” The company’s posttrade capabilities and mission to support regulatory compliance and risk management come together in the Global Trade Repository, which maintains some 40 million open derivatives positions and processes 280 million messages a week.

See the full story, “The 2015 Tech 50: Racers to the Edge.”

The 2015 Tech 50

1. Jeffrey Sprecher
Intercontinental Exchange
2. Catherine Bessant
Bank of America Corp.
3. Phupinder Gill
CME Group
4. Lance Uggla
5. Robert Goldstein
6. Shawn Edwards &
Vlad Kliatchko
7. R. Martin Chavez
Goldman Sachs Group
8. Deborah Hopkins
Citi Ventures
9. Stephen Neff
Fidelity Investments
10. Adena Friedman
Nasdaq OMX Group
11. David Craig
Thomson Reuters
12. Daniel Coleman
KCG Holdings
13. Michael Spencer
14. Michael Bodson
Depository Trust & Clearing Corp.
15. Charles Li
Hong Kong Exchanges and Clearing
16. Chris Concannon
BATS Global Markets
17. Christopher Perretta
State Street Corp.
18. Antoine Shagoury
London Stock Exchange Group
19. Kevin Rhein
Wells Fargo & Co.
20. Neil Katz
D.E. Shaw & Co.
21. Lee Olesky
Tradeweb Markets
22. Richard McVey
MarketAxess Holdings
23. Seth Merrin
Liquidnet Holdings
24. Robert Alexander
Capital One Financial Corp.
25. Frank Bisignano
First Data Corp.
26. John Marcante
Vanguard Group
27. Joseph Squeri
28. Lou Eccleston
TMX Group
29. Claude Honegger
Credit Suisse
30. Chris Corrado
31. David Gledhill
DBS Bank
32. John Bates
Software AG
33. Michael Cooper
BT Radianz
34. Gary Scholten
Principal Financial Group
35. Sunil Hirani
trueEX Group
36. Hauke Stars
Deutsche BÖrse
37. Brian Conlon
First Derivatives
38. Jim Minnick
39. Lars Seier Christensen & Kim Fournais
40. Tyler Kim
41. Jim McGuire
Charles Schwab Corp.
42. Steven O'Hanlon
43. Sebastián Ceria
44. Yasuki Okai
NRI Holdings America
45. Stephane Dubois
46. Mazy Dar
47. Brian Sentance
Xenomorph Software
48. Mas Nakachi
49. John Lehner
BNY Mellon Technology Solutions Group
50. Jock Percy

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