DTCC welcomes new senior leaders in financial services to its Board of Directors
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that two new Board Members have joined its Board of Directors. The Board plays a critical role in overseeing the strategic direction of DTCC, working closely with the firm’s leadership and advising on topics including risk management, regulatory matters, the development of new products and services, emerging fintech and more.
The new Directors are Cenk Kamis of Citi and Laide Majiyagbe of BNY.
Cenk Kamis serves as Chief Financial Officer for Citibank N.A., Citi’s primary banking entity with branches and subsidiaries in 95 countries and territories, and Head of Finance Transformation for Citi. Before his current role, he served as Chief Risk Officer for Finance where he was responsible for risk management oversight of the Finance division as well as Enterprise Financial Risks at Citi. Kamis has over 20 years’ experience in financial services, including serving in senior leadership roles in Finance and Treasury.
Laide Majiyagbe serves as Managing Director, Global Head of Financing, Liquidity and Collateral at BNY. In her role, she oversees BNY’s cash ecosystem across money markets, deposit and other short end investments. She has oversight for the firm’s Global Securities Financing businesses which offers solutions for clients to optimize earnings on their assets and raise financing. Majiyagbe has over a decade of experience in the industry, where she held a variety of Liquidity, Financing and Collateral leadership roles.
“We are delighted to welcome Cenk and Laide to the Board of Directors,” said Kevin M. Kessinger, Non-Executive Chairman of DTCC’s Board. “Their global expertise, extensive knowledge, and strategic insights will be great assets to the DTCC Board as we continue to lead the industry forward and deliver exceptional value to our stakeholders.”
The DTCC Board of Directors is currently comprised of 20 Directors. Of these, 12 are participant Directors who represent clearing agency members, including international broker/dealers, custodian and clearing banks, and investment institutions; four are non-participant Directors; two Directors are designated by DTCC’s preferred shareholders, ICE and FINRA; and the remaining two Board members are DTCC’s Non-Executive Chairman and its President and Chief Executive Officer.
