DTCC’s Cosgrove Appointed to DTCC-Euroclear GlobalCollateral Board of Directors
Susan Cosgrove, DTCC Managing Director and Chief Financial Officer, has been appointed to the DTCC-Euroclear GlobalCollateral Ltd. (GlobalCollateral) Board of Directors.
“Susan has the industry expertise and leadership qualities that will further advance GlobalCollateral’s goal to create efficiencies and reduce costs in the collateral management space,” said Mike Bodson, DTCC President and CEO. “I congratulate Susan on her appointment to the GlobalCollateral Board and I am confident that her influence and voice will strengthen this joint venture’s mission to streamline collateral processing across the globe.”
Cosgrove is a member of DTCC’s Management Committee and Management Risk Committee, and she co-chairs the firm’s Investment and Operating Committee. She is also a member of the DTCC ITP Board of Managers, and the Board of Directors for DerivSERV and Pencil, a not-for-profit organization leading collaboration between business and public education communities.
Currently, she leads DTCC’s global finance and treasury teams and oversees the company’s financial processes and liquidity and capital position. She is also responsible for strategic sourcing, real estate, corporate services and location strategy.
“We extend our welcome to Susan, who brings with her a wealth of knowledge and expertise from the financial services industry,” said Chris Childs, Executive Chairman, DTCC-Euroclear GlobalCollateral Ltd. and a member of the Board. “We look forward to working with her in the coming months and years as we continue to transform the collateral management infrastructure.”
Initially launched in 2014, GlobalCollateral is working to revolutionize the collateral and margin management process, as regulatory mandates require firms to post additional margin across transactions to reduce counterparty and systemic risk.
Cosgrove’s appointment to the GlobalCollateral Board is subject to regulatory approval.