The Depository Trust and Clearing Corporation has appointed four new members to its Board of Directors.

The new directors are Michael Herskovitz, director of fixed income risk operations and technology, and co-head of enterprise operational risk at AllianceBernstein; Kathleen Lynch, chief operating officer for UBS Americas and wealth management Americas; Umesh Subramanian, co-head of the Goldman Sachs technology division; and Lara J Warner, chief compliance and regulatory affairs officer at Credit Suisse, and a member of the executive boards of Credit Suisse Group and Credit Suisse.

The new appointments replace Darryll Hendricks, chief operating officer for Global CCS and regional operating officer in the Americas for UBS Investment Bank; Cynthia Meyn, executive vice president and senior operations manager at PIMCO; and Derek Ross, former partner at Deloitte UK, each of whom have completed their terms. Paul Walker, advisory director at Goldman Sachs, did not stand for re-election