DTCC Board of Directors Appoints Frank La Salla as President, CEO

The Depository Trust & Clearing Corporation (DTCC) recently announced that its Board of Directors has appointed Francis (Frank) La Salla, currently CEO of BNY Mellon’s Issuer Services business and a member of the BNY Mellon Executive Committee, as President and Chief Executive Officer (CEO) of the company, ‘effective June 12.’

La Salla’s appointment as CEO ‘reflects the Board’s long-term succession planning and rigorous search process with the scheduled retirement of Michael C. Bodson, who has served as DTCC’s CEO since June 2012.