DTCC Names Lois J. Radisch Managing Director, Legal.NEW YORK -- The Depository Trust & Clearing Corporation (DTCC DTCC See: Depository Trust and Clearing Corporation ) announced today that Lois J. Radisch has joined the DTCC's Legal Department in New York as managing director, with primary responsibilities for activities involving the U.S. regulated subsidiaries at DTCC. Radisch will report directly to Larry Thompson, DTCC's managing director and general counsel. The three regulated subsidiaries are The Depository Trust Company Depository Trust Company (DTC) DTC is the world's largest central securities depository. It accepts deposits of over 2 million equity and debt securities issues (valued at $23 trillion) from over 65 countries for custody, executes book-entry deliveries (valued at over $116 trillion (DTC), National Securities Clearing Corporation (NSCC See National Securities Clearing Corporation. NSCC See National Securities Clearing Corporation (NSCC). ), and Fixed Income Clearing Corporation (FICC). Radisch joins DTCC from the Royal Bank of Canada (RBC), where since 1998 she was senior counsel for corporate and commercial banking, involved in restructuring auction rate securities and leading complex financing deals, advising RBC's global businesses on the Uniform Commercial Code (UCC) and providing development and legal oversight of the bank's loan trading activities, among other things. Prior to 1998, she worked for Brown & Wood LLP as an associate specializing in securities lending and project finance. From 1994 to 1996, she served as a senior consultant in Legal Risk Management for the Participants Trust Company (PTC), analyzing legal risk concerns and constructing a program for clearing, custody, financing and settlement of Federal Reserve book-entry securities held at PTC, as well as conducting an analysis of payment systems risk submitted to the Federal Reserve Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. . Radisch also worked as vice president and assistant general counsel for J.P. Morgan & Co. Inc. from 1993 to 1994, specializing in UCC Article 8, and developed products and templates for custody, payments systems, securities lending and cash management. She also managed regulatory projects and submissions to the Fed. From 1984 to 1993, she represented DTC, NSCC and PTC while working with Milbank, Tweed, Hadley & McCloy LLP as an associate in the banking and corporate department. Among other projects, she helped design and document programs and financing for securities depositories, including same-day settlement protocols and risk management analyses, rules and procedures. She also managed the regulatory relationships of DTC and PTC with the Federal Reserve, SEC and NY State Banking Department. She received her bachelor's degree from Columbia University, master's degrees in Economics from both the London School of Economics The School is a member of the Russell Group, the European University Association, Association of Commonwealth Universities, the Community of European Management Schools and International Companies, The Association of Professional Schools of International Affairs as well as the Golden and Columbia University, and her law degree from New York University School of Law The New York University School of Law (NYU Law) is the law school of New York University. Established in 1835, the school offers the J.D., LL.M., and J.S.D. . She was admitted to the New York bar in 1985, and is a member of the American Bar Association American Bar Association (ABA), voluntary organization of lawyers admitted to the bar of any state. Founded (1878) largely through the efforts of the Connecticut Bar Association, it is devoted to improving the administration of justice, seeking uniformity of law , including the ABA Task Force on Deposit Account Control Agreements, Uniform Commercial Code Committee, and Investment Securities Subcommittees; Association of the Bar of the City of New York The Association of the Bar of the City of New York, also known as the New York City Bar, was established in 1871. The association has about 19,435 members. The House of the Association, at 42 West 44th Street, was built in 1896 and is a registered landmark. (Committee on Banking Law); New York Women's Bar Association, New York State Bar Association The New York State Bar Association (NYSBA), with about 72,000 members, is the largest voluntary association of lawyers in the United States. The NYSBA was founded in Albany on November 21 1876. New York lacks an integrated bar, and the NYSBA does not license lawyers in the state. (Banking Law Committee) and Loan Syndications & Trading Association. About DTCC The Depository Trust & Clearing Corporation (DTCC), through its subsidiaries, provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments Money market instruments See: Cash investments and over-the-counter derivatives. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with financial firms and third parties who market these products. DTCC's depository provides custody and asset servicing for more than 3.5 million securities issues from the United States and 110 other countries and territories, valued at $27.6 trillion. In 2008, DTCC settled more than $1.88 quadrillion in securities transactions. DTCC has operating facilities in multiple locations in the United States and overseas. For more information on DTCC, visit www.dtcc.com. |
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