The Depository Trust & Clearing Corporation (DTCC) has appointed Ann Shuman as managing director and deputy general counsel.
Shuman, who has nearly two decades of experience and leadership in the financial industry, will report to Larry Thompson, managing director and general counsel.
Shuman will have primary responsibility for overseeing the legal functions of DTCC’s clearing and settlement areas as well as DTCC’s corporate secretary function. In addition, as a senior member of DTCC’s legal team, she will collaborate with the executive team and business areas on the full range of strategic development, asset protection, reputational, legal and other operational management issues for the company.
“Ann’s depth of expertise and leadership especially in the areas of clearing and global regulatory reform is a perfect fit for DTCC. She will be an excellent partner to help us navigate today’s challenging and evolving regulatory environment. Ann’s addition to the legal team will greatly benefit both DTCC and our global clients,” says Thompson.
“I’m excited to be joining DTCC when so much is changing in global financial services. Market infrastructure plays a critical role in risk mitigation, which has never been more important, and DTCC is helping to shape the future of clearing and data services around the world. I am very much looking forward to adding value to an already strong team of legal professionals,” says Shuman.
Shuman was most recently managing director and deputy general counsel at CME Group, a position she held since 2007. During that time, she oversaw attorneys who were responsible for responding to regulatory reform proposals and working with regulators across multiple agencies, in addition to managing other areas of CME’s legal department.
Since joining CME in 2000, she held numerous senior positions in corporate development and legal, in which she worked on many of CME’s strategic business transactions in U.S. markets and internationally. Previously, she was an associate at Sidley Austin and a law clerk for the Hon. E. Grady Jolly of the US Court of Appeals for the Fifth Circuit.