The Depository Trust & Clearing Corporation (DTCC) has appointed Donna M Milrod as chief administrative officer, effective mid-October.

Milrod (pictured) will report to president and chief executive officer Michael Bodson and serve as a member of the company’s management committee.

Milrod will have responsibility for the company’s finance, operations, regulatory relations, business continuity, vendor management and security functions.

“We are delighted that Donna is joining the DTCC leadership team,” says Bodson. “She is a proven leader with extensive global operations, finance and capital markets experience that will serve our company well as we continue to strengthen our core businesses and expand into new areas.”

Milrod says “This is a particularly exciting time to be joining DTCC. The company is uniquely positioned as a primary infrastructure during this period of unprecedented regulatory and financial market change. I look forward to being part of this outstanding organisation and contributing to its future success.”

Milrod joins DTCC from Deutsche Bank, where she served as deputy chief executive of Deutsche Bank North America since 2009. Since 2002, she has also served as head of Deutsche Bank’s regional oversight and strategy group. Prior to these roles, Milrod held a number of senior positions at the firm including as assistant treasurer of the Americas. While at the predecessor firm, Bankers Trust, she was a senior member of the treasury/funding group within the trading and sales division.

Prior to joining Deutsche Bank/Bankers Trust in 1993, Milrod worked at Institutional Investor Magazine.