DTCC Forms Network for Employees Who Are Military Veterans

NEW YORK & TAMPA, Fla.--(BUSINESS WIRE)--The Depository Trust & Clearing Corporation (DTCC) today announced that it has formed a business professional network (also referred to as an employee network) for employees who are military veterans.

“Our Veterans BPN will provide a support network and resources to ease the transition from military service to work in a corporate environment, as well as help these employees navigate through our myriad departments and responsibilities while supporting their career development.”

“We are firmly committed to our employees who have served in the military; and with a recruiting strategy focused on hiring top talent, we plan to bring more veterans on board,” said Michael C. Bodson, President and Chief Executive Officer of DTCC. “Our Veterans BPN will provide a support network and resources to ease the transition from military service to work in a corporate environment, as well as help these employees navigate through our myriad departments and responsibilities while supporting their career development.”

The Veterans BPN will initially emphasize pairing individuals with mentors and hosting a leadership speaker series featuring military leaders. It is open to all employees and is one of seven other established employee networks. These include DTCC’s Asian, Black, LGBT and Allies, UNIDOS (Hispanic/Latino), WINS (women) and START (young professionals) BPNs.

Creation of the Veterans BPN follows a decision DTCC made in May 2012 to become a member of the 100,000 Jobs Mission, a coalition of major corporations that have pledged to hire 100,000 transitioning service members and military veterans by 2020. More than 50,000 have been hired by coalition members so far.

As the world’s leading post-trade market infrastructure for the global financial services industry, DTCC is responsible for protecting its clients and the financial markets. Its recruitment team is keenly focused on identifying individuals who have diverse skills in areas such as information technology business analytics, auditing, risk management, cyber security and process improvement in cross-cultural environments, skills that are particularly honed with military service. In addition, veterans come equipped with strong work ethics including reliability, commitment and flexibility.

“We have found these qualities to be inherent in the veterans we have hired, and, as a result, we have been able to leverage their skills to strengthen our organization,” explained Nashid Salahuddin, Director, DTCC Human Resources in Tampa, FL, and one of the leaders of the newly formed employee network.

One of DTCC’s business and operations centers is based in Tampa, home to the MacDill Air Force Base Transition Assistance Program. The program has become an important hiring source for DTCC, which is also working with program officials to help facilitate workshops for veterans returning to civilian life.

About DTCC

Through multiple operating facilities and data centers around the world, DTCC and its subsidiary companies automate, centralize, and standardize the processing of financial transactions for thousands of institutions worldwide. With 40 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry, simplifying the complexities of clearance, settlement, asset servicing, global data management and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, derivatives, money market instruments, syndicated loans, mutual funds, alternative investment products, and insurance transactions. In 2011, DTCC’s subsidiaries processed securities transactions valued at approximately US$1.7 quadrillion. Its depository provides custody and asset servicing for securities issues from 122 countries and territories valued at US$39.5 trillion. DTCC’s global OTC derivatives trade repositories record more than US$500 trillion in gross notional value of transactions made worldwide across multiple asset classes.

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