Four new members added to DTCC鈥檚 board of directors
02 April 2026 US, UK, Hong Kong
Image: Rytis/stock.adobe.com
Four new board members have joined the Depository Trust & Clearing Corporation鈥檚 (DTCC) board of directors; Roland Chai, Massimiliano Ciardi, Stephen Hood, and Georges Lauchard.
The board plays a key role in overseeing the strategic direction of DTCC, works closely with the firm's leadership and advises on topics including risk management, regulatory matters, the development of new products and services, and emerging fintech.
Roland Chai serves as the president of European Markets and head of Digital Assets at Nasdaq.
He is responsible for overseeing seven exchanges, a central counterparty, and a central securities depository group.
Earlier, Chai served as Nasdaq鈥檚 first global chief risk officer, where he was responsible for developing, reviewing, and maintaining Nasdaq鈥檚 global risk programme.
Massimiliano Ciardi serves as global treasurer of Citadel, where he oversees global liquidity, counterparty risk and capital management.
Previously, Ciardi spent 17 years at Goldman Sachs, where he rose to partner and global head of the Equities Funding Group in the Global Markets Division.
Stephen Hood serves as Americas head of clearing at Marex.
In this role, Hood is responsible for leading the firm鈥檚 futures and options clearing operations as well as supporting digital鈥慳sset clearing and tokenised frameworks.
Hood brings over 25 years of leadership across global FCM and broker-dealer markets.
Georges Lauchard serves as chief operating officer at Barclays Investment Bank.
Lauchard leads global technology, operations, and controls across the division鈥檚 multi鈥憏ear transformation strategy.
During his 20 years at J.P. Morgan, he held leadership positions across various chief operating officers roles at J.P. Morgan.
Kevin M. Kessinger, non-executive chairman, DTCC鈥檚 board, says: 鈥淲e are delighted to welcome Roland, Massimiliano, Stephen, and Georges to the board of directors.
鈥淭heir collective experience and expertise across global markets, risk management and financial infrastructure will be invaluable as DTCC continues to advance market resilience and innovation to help lead the evolution of the global financial system.鈥�
The board plays a key role in overseeing the strategic direction of DTCC, works closely with the firm's leadership and advises on topics including risk management, regulatory matters, the development of new products and services, and emerging fintech.
Roland Chai serves as the president of European Markets and head of Digital Assets at Nasdaq.
He is responsible for overseeing seven exchanges, a central counterparty, and a central securities depository group.
Earlier, Chai served as Nasdaq鈥檚 first global chief risk officer, where he was responsible for developing, reviewing, and maintaining Nasdaq鈥檚 global risk programme.
Massimiliano Ciardi serves as global treasurer of Citadel, where he oversees global liquidity, counterparty risk and capital management.
Previously, Ciardi spent 17 years at Goldman Sachs, where he rose to partner and global head of the Equities Funding Group in the Global Markets Division.
Stephen Hood serves as Americas head of clearing at Marex.
In this role, Hood is responsible for leading the firm鈥檚 futures and options clearing operations as well as supporting digital鈥慳sset clearing and tokenised frameworks.
Hood brings over 25 years of leadership across global FCM and broker-dealer markets.
Georges Lauchard serves as chief operating officer at Barclays Investment Bank.
Lauchard leads global technology, operations, and controls across the division鈥檚 multi鈥憏ear transformation strategy.
During his 20 years at J.P. Morgan, he held leadership positions across various chief operating officers roles at J.P. Morgan.
Kevin M. Kessinger, non-executive chairman, DTCC鈥檚 board, says: 鈥淲e are delighted to welcome Roland, Massimiliano, Stephen, and Georges to the board of directors.
鈥淭heir collective experience and expertise across global markets, risk management and financial infrastructure will be invaluable as DTCC continues to advance market resilience and innovation to help lead the evolution of the global financial system.鈥�
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