VII
Foreword Frank La Salla PRESIDENT, CEO AND DIRECTOR
T he year 2023 marks an important milestone in The Depository Trust & Clearing Corporation’s (DTCC’s) history— it’s our company’s 50th anniversary. Moments like this are an opportunity to celebrate the past, reflect on the path our company has traveled and gain perspective on how those experiences have shaped our firm’s evolution. But anniversaries are also about the future—about setting bigger goals, building upon past achievements and elevating the organization to new levels of success. DTCC’s storied history began in response to the paperwork crisis of the late 1960s and early 1970s—and we’ve been innovating, shaping and advancing the financial services industry ever since. When an organization’s founding is rooted in solving a crisis, it indelibly shapes the firm. Our company is purpose driven: We protect and safeguard the stability and integrity of the global financial markets. That makes us unique among our industry colleagues. It also means we have a critical responsibility to our constituents and the investing public. While DTCC has grown considerably in scale and scope over the past half-century, our commitment and dedication to fulfilling our mission has remained constant. Our firm’s success belongs to those who came before us and is a testament to our past and present DTCC colleagues, clients and stakeholders, whose support has made it all possible. This book, and the story it tells, is a tribute to all of you. As we look to the next 50 years, we’re committed to building upon our rich heritage as we write the next chapter in our amazing company’s history and lead the advancement of the global financial markets as the most influential, strategic and tech-focused partner.
PHOTO BY NEIL VAN NIEKERK.
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