DTCC hires Goldman Sachs veteran Brian Steele as President of Clearing & Securities Services

Rick Steves

“We’re pleased to have a seasoned executive like Brian bring his expertise in clearance, settlement, middle office operations, digital transformation, and client engagement to DTCC to lead these critically important businesses.”

DTCC has announced the appointment of Brian Steele as Managing Director and President of Clearing & Securities Services, effective from October 2, 2023.

In this pivotal role, Brian Steele will assume leadership responsibilities for DTCC’s various Clearing and Securities Services businesses, spanning Equity Clearing and Settlement, Fixed Income Clearing, Wealth Management Services, Asset Services, and Institutional Trade Processing (ITP).

Brian Steele joins DTCC as industry moves to T+1 settlement

His appointment signifies a significant addition to DTCC’s leadership team, reinforcing the company’s commitment to innovation and client engagement at a time of a significant tectonic shift: T+1 settlement.

Brian Steele brings nearly two decades of extensive experience from Goldman Sachs to his new role at DTCC. His career at Goldman Sachs encompassed diverse senior-level positions, culminating in his most recent role as Managing Director of the Americas Client Coverage Group and Global Head of Client & Market Solutions.

Steele’s prior roles included leadership positions in operations-related functions such as Global Head of Market Structure Solutions, Global Head of Equities Execution Services and Settlements, Global Head of Digital Transformation for the Operations Division, and Global Head of Market Solutions for the Operations Division.

Expertise in clearance, settlement, middle office operations, digital transformation, and client engagement

As the President of Clearing & Securities Services at DTCC, Brian Steele will play a vital role in steering the direction of critical businesses that underpin the global financial services industry.

His purview will encompass enhancing market structure, introducing new products and capabilities to address industry challenges, safeguarding the stability of the global financial system, and offering support to clients navigating a dynamic environment. Steele’s in-depth understanding of client needs, focus on client experience, and strategic acumen, combined with his profound industry relationships, will enable him to lead key initiatives and drive innovation in the development and delivery of new solutions.

Frank La Salla, DTCC’s President, Chief Executive Officer, and Director, said: “We’re pleased to have a seasoned executive like Brian bring his expertise in clearance, settlement, middle office operations, digital transformation, and client engagement to DTCC to lead these critically important businesses.” La Salla emphasized Steele’s ability to strengthen market structure and develop solutions that address industry challenges.

Brian Steele himself shared his enthusiasm about joining DTCC, highlighting the organization’s trusted and respected position in the industry. He emphasized DTCC’s outstanding talent, expertise, and commitment to positive change in collaboration with industry colleagues and stakeholders.

Read this next

Digital Assets

Philippine bars access to Binance, citing unregistered operations

The Philippines’ Securities and Exchange Commission (SEC) is moving to block access to Binance due to regulatory concerns, citing the platform’s operation without proper registration and authorization in the country.

Digital Assets

FTX cleared to sell investments in Grayscale and Bitwise funds

Bankrupt cryptocurrency exchange FTX has received approval from the bankruptcy court to start selling its stakes in digital trusts managed by Grayscale Investments.

Digital Assets

Nexo launches Dual Investment for yield earning and price prediction

“Dual Investment revolutionizes how users engage with BTC and ETH, offering a flexible, intuitive, yet sophisticated platform for predicting asset price movements, all while securing high yields.”


Aquis Stock Exchange goes live with cloud-based matching engine powered by AWS

“By running on AWS, the Aquis Stock Exchange is driving transformation across the capital markets industry while continuing to enhance the scalability, functionality and innovation that will benefit its members and stakeholders in an environment where security and resiliency are our highest priority.”


Options Technology certified as Microsoft Azure partner for Digital & App Innovation

“Securing our fifth Microsoft Solutions Partner status in less than 12 months is a testament to our commitment to innovation, excellence, and the highest industry standards. We are not only keeping pace with the evolving landscape of cloud technology but leading the way in shaping its future.”

Retail FX

N26 reports €213M in net loss, integrates stock and ETF

European digital bank N26 has shared its strategic roadmap for the next few years, underlining both its growth trajectory and financial targets. The announcement included key financial results for 2022 and projections for the coming years.

Digital Assets

Canadian ownership of crypto assets fell by 23%, study finds

Concerns about risks, volatility, lack of government guarantee, and potential fraud or hacking deterred others from buying crypto.

Institutional FX

Fortex adds GBE Prime to liquidity offering

“This collaboration enhances our liquidity distribution capabilities, offering our clients improved pricing, order execution, and risk management. We look forward to the positive impact this integration will have on our clients.”

Retail FX

Fullerton Markets Caps Off Stellar Year with Dual Triumph at Gazet International Awards 2023

Fullerton Markets, one of the fastest-growing brokerages in the Asia Pacific, has today announced its remarkable success at the prestigious Gazet International Awards 2023, where it secured two coveted accolades, reinforcing its position as a global leader in multi-asset brokerage and marketing a triumphant end to the year.