The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services industry, has announced that Larry Thompson will retire at the end of this year.
Mr Thompson served in a variety of senior-level roles at DTCC, including General Counsel and, most recently, Vice Chairman of the firm.
Michael Bodson, DTCC President and CEO, commented on the news:
Larry has been a trusted colleague, mentor and partner over the years, playing a significant role in many of our organization’s most important endeavors and helping to shape the company we are today. Larry’s experience and wisdom have been invaluable to us as a management team, but just as important, the impact of his actions and words have touched virtually every part of the industry.
We thank Larry for all his contributions to the industry and DTCC over these past 37 years and wish him and his family the very best of health, happiness and good fortune in the future.
Thompson will continue serving on the Board of Directors of the Federal Home Loan Bank of NY, where he is currently Vice Chairman of the Board.