Ann Shuman was Appointed as Deputy General Counsel at DTCC.

Date of management change: January 10, 2014 

What Happened?

New York, NY-based Depository Trust & Clearing Corp has Appointed Ann Shuman as Deputy General Counsel


About the Company

With more than 40 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From operating facilities, data centers and offices in 16 countries, DTCC, through its subsidiaries, automates, centralizes and standardizes the processing of financial transactions, mitigating risk, increasing transparency and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and governed, the firm simplifies the complexities of clearing, settlement, asset servicing, data management and information services across asset classes, bringing increased security and soundness to financial markets. In 2016, DTCC`s subsidiaries processed securities transactions valued at more than U.S. $1.5 quadrillion. Its depository provides custody and asset servicing for securities issues from over 130 countries and territories valued at U.S. $49.2 trillion. DTCC`s Global Trade Repository maintains approximately 40 million open OTC positions per week and processes over one billion messages per month.


About the Person

Ann Shuman, who brings to DTCC nearly two decades of experience and leadership in the financial industry, will have primary responsibility for overseeing the legal functions of DTCC's clearing and settlement areas, as well as DTCC's corporate secretary function. In addition, as a senior member of DTCC's legal team, she will collaborate with the executive team and business areas on the full range of strategic development, asset protection, reputational, legal and other operational management issues for the company. Shuman joins DTCC from CME Group, where she most recently served as managing director and deputy general counsel since 2007. Since joining CME in 2000, she held numerous senior positions in corporate development and legal, in which she worked on many of CME's strategic business transactions in U.S. markets and internationally. Previously, she was an associate at law firm Sidley Austin, and a law clerk for the Honorable E. Grady Jolly of the U.S. Court of Appeals for the Fifth Circuit.


Info Source



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