DTCC Names Anne T. (Nan) Noonan Managing Director, Chief Systemic Risk Officer

NEW YORK--(Business Wire)--
The Depository Trust & Clearing Corporation (DTCC) has announced the appointment
of Anne T. (Nan) Noonan to the new position of managing director and Chief
Systemic Risk Officer.

In this new position, Noonan will oversee the management of the systemic risk
framework for DTCC and its subsidiaries to ensure DTCC can readily identify and
assess the systemic risk implications for all existing and new DTCC products,
activities, processes and systems.

In leading these efforts for DTCC, Noonan will work closely with DTCC
subsidiaries` direct regulators - the Securities and Exchange Commission, the
Federal Reserve Bank of New York and the New York State Banking Department - and
with regulators globally on systemic risk issues. She will also work closely
with Douglas George, DTCC`s Chief Risk Officer, to review DTCC`s enterprise-wide
risk management methodology. She will have leadership responsibility for
identifying systemic risk management changes needed and developing and
implementing those solutions. Noonan will report to Larry Thompson, DTCC`s
general counsel.

"DTCC has a very strong track record for safeguarding the industry during times
of crisis - and in working with regulators in the U.S. and globally," said
Donald F. Donahue, DTCC chairman and CEO. "However, the experience of the
financial crisis over the past two years has cast a very bright light on the
risks that exist at the level of the financial services system as a whole.

"We are delighted to have someone with Nan`s extensive background in risk
management join DTCC," said Donahue. "We can expect that there will be new
demands that infrastructure organizations like ours remain at the forefront in
meeting business and regulatory requirements on systemic risk issues across all
our operations."

Noonan is joining DTCC from CLS Bank International in New York, where she was
executive vice president and global head of Risk Management and Regulatory
Affairs, a post she has held since 1999. As a founding member of CLS Bank
International, Noonan played a key role in orchestrating and negotiating
regulatory approval with approximately 25 central banks and regulators for the
purpose of eliminating foreign exchange settlement risk, with daily transaction
flows of $3-5 trillion, and expanding CLS Bank`s settlement service to other
products.

She served as a director on the Board of CLS Bank International, as a member of
the CLS Management Committee and as an executive member of the CLS Bank Risk
Management Committee.

Prior to that, Noonan served as a vice president at J.P. Morgan & Co., Inc., in
a progressive series of roles with added responsibility, from 1978 to 1999. She
was a member of the Global Foreign Exchange Settlement Risk Reduction Project,
the Group of Twenty private sector effort to champion and later create CLS Bank.
She not only acted as the group`s principal regulatory liaison, but also
co-authored the business requirement specification for CLS. Before that, she
worked with J.P. Morgan Securities, Inc. and Morgan Guaranty Trust Company of
New York in various management positions.

Noonan received a Bachelor of Science degree from Seton Hall University, and she
has participated in the Executive Leadership program offered by INSEAD in
France.

About DTCC

The Depository Trust & Clearing Corporation (DTCC), through its subsidiaries,
provides clearance, settlement and information services for equities, corporate
and municipal bonds, government and mortgage-backed securities, money market
instruments and over-the-counter derivatives. In addition, DTCC is a leading
processor of mutual funds and insurance transactions, linking funds and carriers
with financial firms and third parties that market these products. DTCC`s
depository provides custody and asset servicing for more than 3.5 million
securities issues from the United States and 117 other countries and
territories, valued at $27.6 trillion. Last year, DTCC settled more than $1.88
quadrillion in securities transactions. DTCC has operating facilities and data
centers in multiple locations in the United States and overseas. For more
information on DTCC, visit www.dtcc.com.

Depository Trust & Clearing Corporation
Steve Letzler, 212-855-5469
sletzler@dtcc.com

Copyright Business Wire 2009