Bloomberg News

Deutsche Bank’s Milrod Hired by DTCC as Administrative Chief

August 22, 2012

Donna Milrod, Deutsche Bank AG (DBK)’s deputy chief executive officer for the Americas, was hired by the Depository Trust & Clearing Corp. as chief administrative officer.

Milrod will join the New York-based firm in mid-October and serve on its management committee, DTCC said today in a statement. She will report to CEO Michael Bodson and oversee the company’s finance, operations and regulatory relations groups.

Milrod came to Deutsche Bank from its purchase of Bankers Trust, which she joined in 1993, and had helped lead strategy and regulatory relations in the U.S. DTCC, which is owned by its member firms, including investment banks, runs clearinghouses for trading of U.S. stocks and bonds.

“She is a proven leader with extensive global operations, finance and capital markets experience that will serve our company well as we continue to strengthen our core businesses and expand into new areas,” Bodson said in the statement.

Milrod was one of the top-ranking women at the bank and spoke at the firm’s Women on Wall Street conference last year on how to climb in large organizations.

“I hope they’ll be enough women in senior positions at the top echelon of corporate America that they will bring up more women and change the whole balance of the way we work,” Milrod said in a Bloomberg Television interview in October. “We know this hierarchical structure and the way we work today does not work well for women. And if you fix it for women, we also know, you fix it for everyone.”

To contact the reporters on this story: Stephanie Ruhle in New York at sruhle2@bloomberg.net; Michael J. Moore in New York at mmoore55@bloomberg.net

To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net


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