Investment Operations

DTCC Appoints Lisa Hershey as Chief Compliance Officer

Lisa Hershey DTCC

The Depository Trust & Clearing Corporation (DTCC) today announced the appointment of Lisa Hershey as Managing Director and Chief Compliance Officer with responsibility for leading the firm’s compliance function effective January 1, 2021. She will report to Ann Shuman, DTCC’s Managing Director and General Counsel.

Hershey joined DTCC in 2009, and over the last decade, according to a depository spokesperson, has developed a broad understanding of nearly every aspect of DTCC’s business and its approach to effective risk management and compliance. In her current role, Hershey serves as Managing Director and Head of Operational Risk Management (ORM) where she has been a driving force in expanding and strengthening the firm’s capabilities to identify, assess, manage, report and remediate operational risks, working in partnership with the firm’s business and functional leaders.

Hershey has also overseen initiatives that have delivered significant enhancements to DTCC’s Third Party Risk Management and New Initiatives functions, has played a key role on the Investment & Operating Committee and has been co-leading the firm’s Governance, Risk and Compliance Council.

“As a critical market infrastructure for the global financial markets, DTCC must comply with multiple laws, regulations and governmental guidelines while promoting the highest ethical standards for our company and our employees,” said Ann Shuman, Managing Director and General Counsel. DTCC. “Lisa’s expertise and experience will be critical as she oversees a team of professionals as they navigate an ever-growing list of rules and requirements across multiple jurisdictions.”

A champion for advancing female leaders, Hershey has also served as a mentor and sponsor for other women, placing an emphasis on the importance of nurturing the next generation of senior executives at DTCC.

Hershey will replace Susan DeSantis, the firm’s current CCO, who plans to retire in early 2021 after capping a 25-year career at the organization.

“Susan brought a deep knowledge of the industry, extensive regulatory contacts and strong professionalism to her leadership roles in Compliance. We thank Susan for her tireless contributions to DTCC over the years and wish her the very best in her retirement,” Shuman added.