11. Michael Bodson
President and Chief Executive Officer
Depository Trust & Clearing Corp.
Last year: 14
Depository Trust & Clearing Corp., labeled by regulators as a systemically important financial market utility, processes $1.5 quadrillion worth of securities transactions a year. It is fixated on accuracy, efficiency, security, and risk mitigation in posttrade operations, yet it is hard to keep a conversation with president and chief executive officer Michael Bodson from veering into cloud computing, machine learning, or the distributed-ledger technology of the blockchain. The last was seen as an existential threat to clearinghouses like DTCC before Bodson began to have his say. In his letter in DTCC’s 2016 annual report, the 59-year-old refuted “the overheated rhetoric that predicted our demise” and wrote “now many of the key blockchain players want to engage with us on initiatives.” At the forefront of blockchain experimentation and deployment, New York–based, industry-owned DTCC has invested in Digital Asset Holdings (Bodson is a board member) and joined collaborative standards groups Hyperledger Project and Enterprise Ethereum Alliance. In an interview, he says, “We are strong believers that the distributed ledger will play an important role in the financial industry in the future.”
The 2017 Tech 40
1. Adena Friedman 2. Catherine Bessant 3. Robert Goldstein 4. Jeffrey Sprecher 5. Lance Uggla |
6. Shawn Edwards & Vlad Kliatchko 7. David Craig 8. Michael Spencer 9. Don Callahan 10. Elisha Wiesel |
11. Michael Bodson 12. Terrence Duffy 13. Charles Li 14. Sean Belka 15. Chris Concannon |
16. Guy Chiarello 17. Steven Lieblich 18. David Rutter 19. Blythe Masters 20. Alfred Spector |
21. Neil Katz 22. Lee Olesky 23. Richard McVey 24. David Gledhill 25. Seth Merrin |
26. Antoine Shagoury 27. Peter Brown & 28. Lou Eccleston 29. Peter Cherecwich 30. Mike Chinn |
31. Chris Corrado 32. Neal Pawar 33. Gary Norcross 34. Steven O’Hanlon 35. Sebastián Ceria |
36. Brian Conlon 37. Tyler Kim 38. Michael Cooper 39. Robert Schifellite 40. Jim Minnick |
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