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Ultimus Fund Options has appointed Susan Cosgrove to its board of administrators.

Cosgrove is at present working as Managing Director and CFO of the Depository Belief & Clearing Company (DTCC).

Cosgrove leads DTCC’s international finance, treasury, strategic sourcing, actual property, enterprise providers and new initiatives oversight groups.

She is a member of the Administration Committee and the Administration Danger Committee of DTCC and co-chairs the Funding and Operations Committee.

As well as, she chairs the Deriv / SERV board of DTCC, in addition to the boards of a number of DTCC commerce repositories.

Beforehand, Cosgrove labored as Managing Director and Managing Director of Settlement and Asset Providers, overseeing all depository actions and Managing Director of Fairness and Fastened Earnings Clearing Providers at DTCC.

Throughout her profession, she has additionally held positions at Lehman Brothers, Maxcor Monetary Group and PwC.

Gary Tenkman, CEO of Ultimus, says: “[Susan Cosgrove] has lengthy been instrumental in DTCC’s strategic path to combine new applied sciences and use fintech to extend effectivity and scale back dangers and prices. She is a robust advocate for locating the appropriate stability between innovation and disciplined, structured decision-making.

“Cosgrove’s imaginative and prescient is aligned with Ultimus’ continued dedication to leveraging essentially the most superior expertise within the trade to streamline our operations and ship new options to funding managers and their shoppers. We’re delighted with the wealthy expertise and perception that Susan brings to the desk and salute her contributions to our enterprise, ”provides Tenkman.

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