The Depository Trust & Clearing Corporation (DTCC) has appointed Thomas Sullivan as the new Managing Director of its Digital Assets division. This role positions him to play an essential part in shaping the strategic direction of digital asset initiatives at DTCC. He will report to Nadine Chakar, who serves as Managing Director and Global Head of DTCC Digital Assets.
In his new position, Sullivan will be tasked with leading critical projects while collaborating with clients, regulatory bodies, and market participants to solidify DTCC’s status as a frontrunner in digital innovation. His extensive background in the securities and banking sectors spans over two decades, with a strong focus on operations and innovation.
Before joining DTCC, Sullivan was the Head of Business Development for Digital Assets at Société Générale. In this role, he was instrumental in positioning the firm as a leader in the digital finance landscape, particularly in the issuance and management of digital-native financial products that utilize blockchain technology.
His previous experience also includes serving as the Head of Broker Dealer Operations at Commerzbank, where he oversaw various essential functions such as securities settlements, lending support, and asset servicing, further enhancing his expertise in the financial services sector.
Sullivan expressed his excitement about taking on this new challenge, highlighting the significance of the current moment in the industry as the traditional finance (TradFi) and decentralized finance (DeFi) sectors increasingly overlap. He emphasized the opportunities that lie ahead and expressed eagerness to work alongside industry colleagues to achieve collective goals in the evolving digital asset space.
DTCC, recognized for its commitment to innovation and collaboration in financial markets, aims to strengthen its leadership in the digital asset realm with this strategic appointment. Sullivan’s extensive experience and proven track record position him well to drive the company’s objectives forward, especially during this transformative period in financial services.