Each depositor insured to at least $250,000 per insured bank

Home > About FDIC > Systemic Resolution Advisory Committee Member Biographies

Systemic Resolution Advisory Committee Member Biography
Michael C. Bodson

Michael C. Bodson is Chief Operating Officer of DTCC and Chief Operating Officer and President of three DTCC subsidiaries: The Depository Trust Company (DTC), National Securities Clearing Corporation (NSCC) and Fixed Income Clearing Corporation (FICC).

Bodson reports to Donald F. Donahue, DTCC's Chairman and Chief Executive Officer, and is a member of DTCC's Board of Directors. As chief operating officer, Bodson has enterprise-wide responsibility for all Information Technology and Operations at DTCC. In addition, he oversees two major businesses: DTCC's Trade Information Warehouse for over-the-counter (OTC) derivatives and EuroCCP, DTCC's European clearing and settlement organization. Bodson will continue serving as chairman for both EuroCCP and MarkitSERV, a global joint venture for OTC derivatives that DTCC is involved with in partnership with Markit.

Bodson joined DTCC in 2007 as executive managing director for Business Management and Strategy, where he was responsible for consolidating the product management of all DTCC business lines, strategic planning, relationship management and marketing under one umbrella.

Prior to joining DTCC, Bodson held a number of senior management positions with Morgan Stanley over a 20-year period. In his last position at Morgan Stanley, he was global head of the Institutional, Retail and Asset Management Operations Department. He also had responsibility for operational risk, business continuity planning and information security.

Before that, he served as divisional operations officer for the Institutional Securities Group and head of the Enterprise Information Group. In the mid-1990s, he served as head of Finance, Administration and Operations for Morgan Stanley Japan in Tokyo and prior to that, he held similar responsibilities for Morgan Stanley Asia in Hong Kong.

Before joining Morgan Stanley in 1986, Bodson worked at Bear Stearns and Price Waterhouse. He has dual degrees from Boston College, graduating magna cum laude, with majors in Accounting and English. He is also a certified public accountant.

Last Updated 06/17/2011 communications@fdic.gov