Adam Watson Joins DTCC as Managing Director and Head of Asset Services
The Depository Trust & Clearing Corporation (DTCC) h has named Adam Watson as Managing Director and Head of Asset Services. Adam will lead the strategic direction, performance, and DTCC’s global Asset Services business modernization in this role.
Role and Responsibilities
Watson will oversee operational delivery, product innovation, regulatory engagement, and client experience. He will report to Brian Steele, Managing Director and President of Clearing & Securities Services at DTCC.
Steele showed Watson’s expertise saying that Adam is a proven leader with deep expertise. Also, he added that he brings a strong track record of driving large-scale transformation, modernizing market-critical platforms, and delivering meaningful outcomes.
Watson’s Quote on Joining DTCC
Watson said that DTCC safeguards and advances the global financial system. He shared that he was excited to join the firm at a time of significant industry transformation. He was looking forward to working with the Asset Services team to enhance resiliency, accelerate modernization, and deliver even greater value.
Who is Adam Watson?
Adam Watson brings over 18 years of experience in asset servicing, custody, and capital markets from senior roles at BNY and J.P. Morgan. Most recently, he served as Managing Director in Asset Servicing at BNY. There, he also led Client Insight and Innovation for solution architecture and selling. Earlier, he was Head of Commercial Product and Director. Adam was also acting as Board Observer at Symphony.
His 13-year tenure at J.P. Morgan spanned global custody product management, finance, operations, and middle office roles across the U.S. and U.K. He held the position of Global Custody Product Manager. There, he managed the Asset Owner segment and J.P. Morgan’s Americas fund order routing platform. Watson was also a Finance & Business Management VP for pensions, insurance, and government entities.
About DTCC
The Depository Trust & Clearing Corporation (DTCC) is a U.S.-based financial services company. It provides clearing, settlement, and information services for various securities, including equities, bonds, and derivatives. DTCC emerged from the merger of the Depository Trust Company (DTC) and the National Securities Clearing Corporation (NSCC). Both were founded in the 1970s to address the paperwork crisis in the securities industry. DTCC’s primary goal is to enhance the efficiency and security of financial markets by automating and centralizing the post-trade process.
Wrapping Up
Adam Watson’s appointment strengthens DTCC’s Asset Services leadership. He brings a proven track record in transformation, custody, and client innovation from BNY and J.P. Morgan. His expertise will help DTCC enhance resiliency and deliver greater value to global clients.
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