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.

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< The 2015 Tech 50: Racers to the Edge

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14
Michael Bodson
President and Chief Executive Officer
Depository Trust & Clearing Corp.
Last year: 15

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

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1. Jeffrey Sprecher
Intercontinental Exchange

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2. Catherine Bessant
Bank of America Corp.

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3. Phupinder Gill
CME Group

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4. Lance Uggla
Markit

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5. Robert Goldstein
BlackRock

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6. Shawn Edwards &
Vlad Kliatchko
Bloomberg

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7. R. Martin Chavez
Goldman Sachs Group

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8. Deborah Hopkins
Citi Ventures

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9. Stephen Neff
Fidelity Investments

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10. Adena Friedman
Nasdaq OMX Group

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11. David Craig
Thomson Reuters

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12. Daniel Coleman
KCG Holdings

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13. Michael Spencer
ICAP

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14. Michael Bodson
Depository Trust & Clearing Corp.

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15. Charles Li
Hong Kong Exchanges and Clearing

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16. Chris Concannon
BATS Global Markets

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17. Christopher Perretta
State Street Corp.

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18. Antoine Shagoury
London Stock Exchange Group

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19. Kevin Rhein
Wells Fargo & Co.

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20. Neil Katz
D.E. Shaw & Co.

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21. Lee Olesky
Tradeweb Markets

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22. Richard McVey
MarketAxess Holdings

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23. Seth Merrin
Liquidnet Holdings

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24. Robert Alexander
Capital One Financial Corp.

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25. Frank Bisignano
First Data Corp.

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26. John Marcante
Vanguard Group

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27. Joseph Squeri
Citadel

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28. Lou Eccleston
TMX Group

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29. Claude Honegger
Credit Suisse

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30. Chris Corrado
MSCI

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31. David Gledhill
DBS Bank

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32. John Bates
Software AG

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33. Michael Cooper
BT Radianz

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34. Gary Scholten
Principal Financial Group

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35. Sunil Hirani
trueEX Group

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36. Hauke Stars
Deutsche BÖrse

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37. Brian Conlon
First Derivatives

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38. Jim Minnick
eVestment

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39. Lars Seier Christensen & Kim Fournais

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40. Tyler Kim
MaplesFS

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41. Jim McGuire
Charles Schwab Corp.

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42. Steven O’Hanlon
Numerix

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43. Sebastián Ceria
Axioma

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44. Yasuki Okai
NRI Holdings America

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45. Stephane Dubois
Xignite

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46. Mazy Dar
OpenFin

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47. Brian Sentance
Xenomorph Software

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48. Mas Nakachi
OpenGamma

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49. John Lehner
BNY Mellon Technology Solutions Group

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50. Jock Percy
Perseus


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