The Depository Trust and Clearing Corporation (DTCC) has appointed four new members to its board of directors. Brian Gallagher, Christopher Gelvin, Jon Herrick, and Igor Modlin, all become new members. The board’s objective is to set the strategic direction of the post-trade market infrastructure firm, advise on risk management, regulatory matters, as well as the development of new products and services. Gallagher currently serves as global head of markets operations at JPMorgan Chase, where he leads a team that is responsible for all aspects of operational support for the markets sales and trading businesses. He has worked at JPMorgan Chase for 23 years. Gelvin serves as group operations and technology office (GOTO) chief operating officer at UBS, where he is responsible for strategic planning and operating management for GOTO, data governance and the technology investment portfolio across the firm. He has been with UBS for nearly 20 years. Meanwhile, Herrick acts as chief product officer at the NYSE, a part of Intercontinental Exchange (ICE), where he is responsible for product development and innovation across all areas of the exchange business. Modlin is the global head of prime services product development at Goldman Sachs, where he is responsible for Prime Services’ front to back efforts. Modlin joined Goldman Sachs in 2005. Commenting on the new members, Kevin Kessinger, non-executive chairman of DTCC’s Board, says: “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.”
