|By Business Wire||
|September 10, 2013 09:38 AM EDT||
The Depository Trust & Clearing Corporation (DTCC) today announced that it has named Raymond Disco, Managing Director and Treasurer. In this position, Mr. Disco is responsible for DTCC’s broadened Corporate Treasury function, which includes cash management, treasury operation and capital and liquidity planning, and funding. He will also manage DTCC’s key relationships with commercial and investment banks that support DTCC’s credit facilities and funding globally and with the rating agencies. He reports to Susan Tysk-Cosgrove, Chief Financial Officer.
A seasoned and highly regarded industry professional, Mr. Disco brings more than 25 years of finance and treasury expertise globally to DTCC. He spent nearly a decade of his career at Credit Suisse, most recently as Managing Director, Financial Planning and Analysis for the Investment Bank. In that role, he oversaw all management information and finance reporting for the division and led a $20 billion budget process and long-term strategic business planning initiative. Prior to that, he was Managing Director and Global Deputy Treasurer leading global liquidity management and global cash management, managing teams in New York, London, Singapore, Tokyo and Sydney.
Mr. Disco was also previously with Merrill Lynch serving in a variety of positions in the firm’s Treasury function until rising to the level of Managing Director in charge of Funding and Liquidity. In this role, he was responsible for global short-term and long-term unsecured debt funding and equity financing as well as cash mobilization and funds transfer activities. Earlier in his career he held sales and operations positions at Chemical Bank and the American Stock Exchange.
“Ray is an extremely well-respected and proven leader in his field,” said Ms. Cosgrove. “His in-depth knowledge of treasury and finance along with impressive analytical and managerial skills will be a great asset for DTCC as we continue to expand our global footprint and sharpen our focus on further strengthening our services as a leading infrastructure provider for the capital markets.”
“We are delighted to have Ray join our senior management team,” said Donna Milrod, DTCC Managing Director and Chief Administrative Officer. “His expertise, coupled with his leadership, will be of great value to our organization and clients as we all face new challenges brought on by the global re-regulation of financial markets. We are confident that Ray’s breadth of experience will be an asset to DTCC as we look to bolster our long-standing relationships with the commercial and investment banks that support DTCC’s credit facilities.”
Mr. Disco graduated from University of North Carolina at Chapel Hill with a Bachelor of Arts degree in Mathematics and earned his Master’s in Business Administration from the University of Chicago.
DTCC has operating facilities and data centers around the world and, through its subsidiaries, automates, centralizes, and standardizes the post-trade processing of financial transactions for thousands of institutions worldwide. With 40 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry, simplifying the complexities of clearance, settlement, asset servicing, global data management and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, derivatives, money market instruments, syndicated loans, mutual funds, alternative investment products, and insurance transactions. In 2012, DTCC’s subsidiaries processed securities transactions valued at approximately US$1.6 quadrillion. Its depository provides custody and asset servicing for securities issues from 131 countries and territories valued at US$37.2 trillion. DTCC’s global trade repositories record more than US$500 trillion in gross notional value of transactions made worldwide. Follow us on Twitter: http://twitter.com/The_DTCC