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Conclusion

Among the ten forces in Exhibit 1, the ISSA working
group believes that the most impactful forces for the
Securities Services Industry revolve around changes in The most impactful forces for the
investor behaviour (i.e. shift to passive and ESG, digital Securities Services Industry revolve
and alternative assets, globalisation of asset flows) as around changes in investor behaviour
well as changes in technology and technology-enabled [...] as well as changes in technology
competition (i.e. adoption of new technology, industry
disruption by Big Tech). The next stage of the work is and technology-enabled competition
to further syndicate within the ISSA membership and
decide which topics, listed just before the conclusion, William Hodash
that we should focus on. Please feel free to join us for Managing Director, Enterprise Data Management
that conversation. DTCC
William Hodash serves as DTCC’s Managing Director Business School of the University of Pennsylvania, the
The paper can be found at: https://www.issanet.org/e/pdf/ of Enterprise Data Management, responsible for Operating Committee of the International Securities
ISSA_Future_of_the_Securities_Services_Industry_final_ deploying data governance and data quality processes Services Association and the Office of Financial
Nov20.pdf throughout DTCC, focused primarily on data critical to Research’s Financial Research Advisory Council.
DTCC’s aggregation of risk exposures.
ISSA thanks the Oliver Wyman team for their insightful About DTCC
help in creating and editing the paper, and also our In recent years, he has focused on the identification
Working Group member firms whom have contributed Colin Parry and development of opportunities in reference data With over 45 years of experience, DTCC is the premier
to the analysis so far. The authors co-chaired the Chief Executive Officer management, assisting DTCC clients in meeting post-trade market infrastructure for the global
Working Group. ISSA emerging regulatory requirements. William led DTCC’s financial services industry. From operating facilities,
team that in collaboration with SWIFT, established data centers and offices in 15 countries, DTCC,
Colin is the CEO of ISSA. He is responsible for the Global Markets Identifier Utility, a local operating through its subsidiaries, automates, centralizes and
ABOUT ISSA creating & executing the ISSA strategy, growing unit of the global legal entity identifier system, a key standardizes the processing of financial transactions,
the membership, and ensuring that ISSA continues enabler to facilitate systemic risk analysis. William also mitigating risk, increasing transparency and driving
The International Securities Services Association (ISSA) to help the Securities Services industry develop led DTCC’s team in the acquisition of full ownership of efficiency for thousands of broker/dealers, custodian
is an international organization; whose members include solutions and reduce risk. He also runs his own Omgeo, which previously was a joint venture between banks and asset managers. Industry owned and
influential securities services leaders, regulators and consulting business. DTCC and Thomson Reuters. governed, the firm simplifies the complexities of
other industry stakeholders. As a result of this broad clearing, settlement, asset servicing, data management,
membership base, ISSA is able to foster international Prior to joining ISSA in September 2019, Colin William has managed a range of functions during data reporting and information services across asset
coordination and collaboration across the securities co-founded a fintech (Atomic Wire) and set -up his thirty-five years with DTCC, including Product classes, bringing increased security and soundness
services industry. his own consulting business after almost 25 years Management, Operations, Client Services, and to financial markets. In 2019, DTCC’s subsidiaries
at UBS. At UBS he held a number of senior roles Strategic Business Development. He served five years processed securities transactions valued at more
One of ISSA`s key missions is to actively contribute to the in the US, UK and Switzerland in both Operations in several senior roles with Omgeo, and three years in than U.S. $2.15 quadrillion. Its depository provides
development and promotion of forward-thinking solutions and Finance, including running the global London, opening and heading up DTCC’s first branch custody and asset servicing for securities issues from
that create efficiencies and mitigate risk within the global investment banking Operations and creating office outside the U.S. 170 countries and territories valued at U.S. $63.0
Securities Services industry. Through its activities, ISSA Finance Shared Services. trillion. DTCC’s Global Trade Repository service,
facilitates and stimulates active communication among all William holds a Bachelor of Science from the State through locally registered, licensed, or approved
industry stakeholders. Colin holds a Bachelor’s degree in Money, University of New York at Albany and an MBA from trade repositories, processes over 14 billion messages
Banking and Finance from Birmingham University the Leonard N. Stern School of Business of New York annually. To learn more, please visit us at www.dtcc.
This, in turn, leads to the provision of guidance and best (UK) and graduated from the Royal Military University. He also serves on the Board of Trustees for com or connect with us on LinkedIn, Twitter, YouTube
practice which both assists industry participants and helps Academy Sandhurst. the SIFMA Securities Industry Institute at the Wharton and Facebook.
shape the future of the securities services market.

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