The Depository Trust & Clearing Corporation (DTCC) has appointed Lisa Hershey as managing director and chief compliance officer, effective January 1 2021. She will replace Susan DeSantis, the firm’s current CCO, who plans to retire in early 2021 after a 25-year career with the organization.

Hershey will report to Ann Shuman, DTCC’s managing director and general counsel. Hershey joined DTCC in 2009, and over the last decade, has developed a broad understanding of nearly every aspect of DTCC’s business and its approach to effective risk management and compliance. She currently serves as managing director and head of operational risk management.

A champion for advancing female leaders, Hershey has also served as a mentor and sponsor for other women, placing an emphasis on the importance of nurturing the next generation of senior executives at DTCC.