The Depository Trust & Clearing Corporation (DTCC) has recently expanded its Board of Directors by appointing two notable financial executives. Cenk Kamis, who holds the position of Chief Financial Officer at Citibank N.A. and Head of Finance Transformation for Citi, and Laide Majiyagbe, the Managing Director and Global Head of Financing, Liquidity, and Collateral at BNY, are the new members joining the board.
Cenk Kamis boasts over two decades of experience in the financial services sector. He has occupied various high-level roles, including his previous position as Chief Risk Officer for Finance, where he oversaw risk management for the Finance division and monitored enterprise financial risks at Citi. His extensive background encompasses a rich tapestry of responsibilities within Finance and Treasury, reflecting a deep understanding of the operational and strategic demands in the banking industry.
Laide Majiyagbe brings more than ten years of expertise in her field to the board. In her current role at BNY, she manages the firm’s cash ecosystem, which includes overseeing money markets, deposits, and other short-term investments. Additionally, she is responsible for the Global Securities Financing businesses, where her focus lies on delivering solutions that help clients optimize earnings from their assets and secure financing. Her professional journey has seen her take on several leadership roles, honing her skills in Liquidity, Financing, and Collateral.
The composition of the DTCC Board now includes a total of 20 Directors. This group comprises a mix of participant Directors, representing various clearing agency members such as international broker/dealers and investment institutions, alongside non-participant Directors. The board’s members also include representatives designated by DTCC’s preferred shareholders and the organization’s Non-Executive Chairman, as well as its President and Chief Executive Officer.
This expansion of the DTCC Board is reflective of the ongoing efforts to enhance governance and oversight in the organization, incorporating diverse perspectives and expertise into the leadership structure. The two new appointees are expected to contribute valuable insights and strategic direction in navigating the complexities of the financial landscape.