The US stock market’s central clearing hub, the Depository Trust & Clearing Corporation (DTCC), has appointed Nashira Spencer as its chief security officer, a role in which she will be responsible for managing the company’s enterprise-wide global information security, physical security, employee safety, and crisis/incident management functions, ensuring a comprehensive and holistic approach to risk management and resilience across the organization.
Spencer, who will report to Tim Cuddihy, group chief risk officer, brings 20 years of leadership and expertise in security management to the clearing hub, including serving the last six years as chief information security officer (CISO) and, most recently, chief technology officer at Anywhere Real Estate. As CISO, her innovative approach, DTCC says, enabled her to successfully conceive and execute the firm’s enterprise-wide global cyber security and data privacy programme during its digital transformation.
Prior to that, Spencer served as executive director of privacy and information security at Time Warner and also held security-related roles at other large financial institutions, including Prudential Financial, Citigroup and Bloomberg.
“[Spencer appointment] builds upon our progress in advancing our security strategy and enhancing our capabilities to further protect the organization and strengthen operational resilience,” Cuddihy states. “Her unique background and experience as both a security leader and technologist will enable her to conceive and execute innovative strategies, including the use of new technologies, to safeguard DTCC and help promote the safety and stability of the financial markets.”