DTCC appoints new group chief risk officer

The Depository Trust & Clearing Corporation (DTCC) has appointed Noel Donohoe as  executive managing director and group chief risk officer. Donohoe will be responsible for formulating and implementing DTCC’s overall risk management strategy in collaboration with its senior management team.

In this newly created role, Donohoe will oversee the organisation’s enterprise risk management, operational risk management and systemic risk teams. He will also be responsible for ensuring DTCC’s risk management initiatives are fully integrated within the firm. Donohoe will serve as a member of DTCC’s management committee and act as principal adviser to the board and its risk committee on all risk matters.

Donohoe will report to Robert Druskin, DTCC’s executive chair, and to DTCC’s risk committee.
Donohoe joins DTCC from Credit Suisse, where he held the post of global head of product control. In this role he was a member of the equity, fixed-income and operational risk committees and was responsible for interacting with regulators in the US and worldwide on issues relating to risk and capital.

Before joining Credit Suisse, Donohoe worked at Merrill Lynch, where he held the post of co-head of global risk, covering risk, operations, finance and administration.