DTCC Opens Washington, DC Office, Names Capitol Hill Veteran Dan Cohen Managing Director, Head of Government Relations

NEW YORK--(BUSINESS WIRE)-- The Depository Trust and Clearing Corporation (DTCC) announced today that Daniel L. Cohen has been appointed to the new position of managing director and head of government relations.

In his new position, Cohen will be responsible for leading DTCC’s government relations function, including formulating the overall government relations strategy, representing DTCC before Congress and federal and state regulatory bodies and conducting outreach to relevant national trade groups. Cohen will report to Larry E. Thompson, managing director and general counsel.

“We are delighted to have someone with Dan’s extensive knowledge of the legislative and regulatory process join us at this critical moment in the re-regulation of global financial markets,” said Larry Thompson, general counsel for DTCC. “Dan’s broad experience working with Congress and regulatory agencies in Washington will help DTCC effectively communicate how our infrastructure can be leveraged to help bring greater transparency and risk mitigation to the markets.”

Cohen has more than three decades experience working in various senior-level government relations positions. Most recently, Cohen has served as a senior executive with several medical device and healthcare corporations, including EnteroMedics Inc., an early-stage medical device company, US Oncology, the largest national oncology physician provider network, and Inamed, a medical device/aesthetics company recently acquired by Allergan. In those positions, he established Washington, DC and global government relations functions, led the companies’ legislative policy and governmental regulatory relations program and was also responsible for managing public policy, investor relations, and political functions at the state, national and global levels.

Prior to that, Cohen was a principal at Loeffler, Jonas & Tuggey, LLP, where he managed several clients in financial services. Earlier in his career, Cohen was the senior legislative liaison for the American Israel Public Affairs Committee (AIPAC) and, before that, served as legislative director for two Congressmen on Capitol Hill.

Cohen earned a bachelor’s degree in Sociology in 1978 from Willamette University and received a master’s degree in International Affairs from Georgetown University in 1985.

About DTCC

DTCC, through its subsidiaries, provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks. DTCC's depository provides custody and asset servicing for more than 3.6 million securities issues from the United States and 121 other countries and territories, valued at US$36.5 trillion. In 2010, DTCC settled nearly US$1.66 quadrillion in securities transactions. DTCC has operating facilities and data centers in multiple locations in the United States and overseas. For more information, please visit www.dtcc.com.

DTCCStuart Z. Goldstein, 212-855-5470
[email protected]

Source: The Depository Trust and Clearing Corporation