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THE STORY OF THE DEPOSITORY TRUST & CLEARING CORPORATION
As employees began to slowly return to in-office work after two years of working remotely, DTCC navigated changes in the workforce by further expanding its footprint and diversifying its talent pool. One example of that outgrowth meant creating a presence in McLean, Virginia. Having the agility to move quickly during the early days of the pandemic, and learning those lessons, helped to build a stronger company as the pandemic waned. Marie Chinnici-Everitt, DTCC’s chief marketing officer and regional manager, Tampa, described how the firm responds to challenges: We are absolutely amazing in a crisis, but that’s certainly not what our brand is about, or what we want to be known for. We couldn’t be as good as we are in difficult situations unless we are outstanding at everything else. The reason that we’re good in a crisis is because we are focused on doing what is in the best interests of our clients and the industry. So, when there is a business disruption, the culture of our company is one where we all come together with the singular purpose to seamlessly keep the markets running.
What’s in a Meme?
In the midst of the pandemic, DTCC and the financial sector had to face a new and unique challenge in 2021. The meme stock event, which was brought on by investors using online forums and social platforms, drove the stock price of certain stocks, including video game retailer GameStop, significantly higher. With thousands of small trades occurring simultaneously, the
ENVIRONMENTAL SUSTAINABILITY With office space throughout the world, The Depository Trust & Clearing Corporation (DTCC) is working to positively impact the communities where it operates and the world at large. With the aim of becoming carbon neutral by 2030, the firm is working in three key areas of sustainability: water conservation, clean energy and recycling. “We recognize this isn’t just a question of how we heat and cool our buildings and how much power we use, although these are very important issues,” said Susan Cosgrove, managing director, president of Clearing & Securities Services. “It’s about broadly assessing our systems and policies and identifying areas where we can reduce consumption and improve efficiencies.” These goals impact every aspect of DTCC’s operations, from how it designs and renovates its facilities to which vendors the firm partners with.
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