[December 03, 2012]

DTCC Names Christopher Behney Head of Enterprise Production Assurance

The Depository Trust & Clearing Corporation (DTCC) announced today the appointment of Christopher M. Behney as Managing Director, Head of Enterprise Production Assurance (EPA) and Head of DTCC's Dallas, Texas office.

As Head of EPA, Behney will oversee Information Technology (IT) infrastructure for the company's production environments. Behney will report to Robert E. Garrison, Managing Director and Chief Information Officer. He will lead a team of more than 300 people who oversee DTCC's IT operations in the U.S., UK and India. Behney's appointment as Head of DTCC Dallas further solidifies DTCC's presence within the burgeoning financial services hub.

"Chris brings to DTCC the combination of an innovative mindset with a deep understanding of modern infrastructure paradigms that are essential for this new role," said Garrison. "He has an exemplary track record in the industry, and his entrepreneurial approach to business will help DTCC achieve its mission to protect our clients and the financial markets by reducing risks, amplifying operating efficiency and minimizing costs."

Prior to joining DTCC, Behney served as Maaging Director and Regional Head of the Group Technology Infrastructure Organization at UBS where he spent the last 10 years. While at UBS, he was responsible for delivering cost effective solutions that helped UBS set the benchmark for resource efficiency, virtual server adoption and asset utilization. Under his leadership, a full renovation of enterprise storage was executed. He also held executive positions at Enron, driving re-architecture and infrastructure solutions.

"Joining a company committed to the safety and security of the global financial markets during a period of unprecedented structural and market change is particularly motivating," said Behney. "I'm looking forward to joining an IT team with an excellent track record and significant innovation agenda."

Behney is a graduate of The Citadel and holds a Bachelor of Science degree in computer science.

About DTCC

Through operating facilities and data centers around the world, DTCC and its subsidiary companies automate, centralize and standardize the post-trade processing of financial transactions for thousands of institutions worldwide. With more than 40 years of experience, DTCC is the premier post-trade infrastructure for the global financial markets, 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 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 hold records on more than US$500 trillion in gross notional value on transactions across multiple asset classes globally. For more information, visit www.dtcc.com.

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