Donald F. Donahue
|Donald F. Donahue
|former chairman & CEO
|The Depository Trust & Clearing Corporation
|New York, NY USA
Donald F. Donahue is the former chairman and CEO of the Depository Trust & Clearing Corporation and its three principal subsidiaries, Depository Trust Company, Fixed Income Clearing Corporation and National Securities Clearing Corporation. He announced his retirement in April 2012, and on July 1, 2012 he was succeeded by Chief Operating Officer Michael Bodson.
Donahue was elected in April 2007 as chairman & chief executive officer of the Depository Trust & Clearing Corporation and its core subsidiaries, National Securities Clearing Corporation (NSCC), The Depository Trust Company (DTC) and the Fixed Income Clearing Corporation (FICC).
From May 2004 to June 2006, Donahue served under an appointment by the U.S. Secretary of the Treasury as sector coordinator and chairman of the Financial Services Sector Coordinating Council (FSSCC) for Critical Infrastructure Protection and Homeland Security. FSSCC coordinates the private sector's preparation and sharing of best practices across the financial services industry to address events that could disrupt the normal business of the financial sector, such as cyber attacks, natural disasters and terrorist attacks.
Donahue is a 20+ -year veteran of DTCC and previously, DTC. From May 2003 until August 2006, he served as COO of DTCC. From 2000 to 2003, he headed DTCC's customer marketing and development division, charged with strategic planning, product development, relationship management, applications development and technology responsibilities.
Donahue jointed DTC in 1986, moving up the ranks throughout a number of business areas. He served as chief information officer from 1997 until 2000 and as head of the depository's Operations Division from 1995 to 1997.
When DTCC was formed in 1999, Donahue helped lead DTCC's integration efforts and streamline the various clearing corporations and depository functions under one organizational umbrella, without any disruption in service to customers. He's been the architect of DTCC's Business Continuity Plan, post 9/11, which has reinforced the organization's highly-resilient, self-healing telecomm network, created multiple data center redundancy and launched its Southern Business Center, which now shares critical operating responsibility for key functions performed by DTCC's subsidiaries.
Prior to joining DTC, Donahue was president of two affiliated companies that developed and marketed credit enhancements for municipal securities from 1985 to 1986. Previously, he worked for the Municipal Rulemaking Board, the self-regulatory organization governing the U. S. municipal securities markets, from 1977 to 1985, Donahue began his career working for Barr Brothers & Co., Inc., a broker/dealer specializing in municipal securities, for five years.
Donahue holds a Bachelor of Arts degree in history from Columbia University.