DTCC appoints Lynn Bishop as chief information officer
The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services industry, has appointed Lynn Bishop as its chief information officer (CIO), effective immediately.
In this role, Bishop is responsible for the ongoing development and testing of all the technology that supports DTCC’s post-trade infrastructure, communications networks, processing and messaging systems, as well as the IT applications underlying DTCC’s broad range of products and services. Bishop is a member of the firm’s management committee and now reports directly to DTCC’s CEO, Michael Bodson.
Prior to this, Bishop served as DTCC’s chief development officer (CDO) and, before that, was chief technology officer (CTO). During her nearly 15 years at DTCC, Bishop has been a driving force behind several strategic IT initiatives, including expanding and re-platforming the underlying IT infrastructure for the Global Trade Repository (GTR) service, developing enhancements to improve settlement finality and transparency in the settlement of money market transactions and overseeing the transition to a T+2 settlement cycle in the US.
She has also been instrumental in guiding DTCC technology decisions around the adoption of emerging technologies, including DLT, cloud, robotics, machine learning and AI.
A champion for diversity and inclusion, Bishop dedicates her time and shares her experiences to support the advancement of women in STEM careers. She was recently appointed as DTCC’s senior sponsor of Girls Who Code, a national non-profit organization working to close the gender gap in technology, and actively supports DTCC’s D&I efforts, including programs and initiatives that are helping to develop emerging talent and women in technology.