Loretta Stack
Senior International Capital Markets Strategic Advisor and Consultant
Loretta Stack is a senior international capital markets strategic advisor and consultant with over 30 years’ experience in financial services, primarily with Financial Market Infrastructures (FMIs) and their clients.
Ms. Stack was with the Depository Trust and Clearing Corporation (DTCC), which provides clearance and settlement services for the United States and global markets, for over 24 years, acting as a global product manager and risk manager.
Ms. Stack has acquired extensive experience managing large scale, strategic global financial services ventures from concept through implementation and ongoing product management in diverse product lines including:
- OTC (Over the Counter) credit derivatives
- Domestic and international equities
- Fixed income
- Emerging markets debt
- Mortgage backed securities
Services developed and implemented include:
- Straight through processing
- Regulatory trade reporting
- Post trade lifecycle processes
- Domestic and global clearance and settlement
- Central Securities Depository links
- Enhanced trade interfaces
- Start up and management of subsidiaries for new product lines
Control functions established and managed include:
- Multi-jurisdictional compliance liaison
- Regulatory liaison
- Embedded risk management including risk framework; Key Risk Indicators (KRIs); Key Performance Indicators (KPIs); Risk Control Self Assessments (RCSAs); risk identification; incident identification, monitoring, resolution and tracking; management and Board reporting
- CPMI-IOSCO PFMI assessments
- Business continuity planning and execution
Ms. Stack is recognized for leadership of global cross functional teams, directing the establishment of all business and control functions to ensure on time product delivery while meeting legal, regulatory, compliance and risk management requirements of multiple jurisdictions.
Ms. Stack is able to:
- Re-prioritize efforts and shift resources to meet changes in the business and/or regulatory environment
- Interface with regulators; translate strategic goals into actionable projects and processes
- Gather, evaluate and prioritize input from multiple sources including clients, industry associations, regulators and internal stakeholders
- Manage expectations of stakeholders
Prior to DTCC, Ms. Stack was with Thomson McKinnon, a New York based brokerage firm, and with NASDAQ, the electronic exchange.
Since leaving DTCC, Ms. Stack has been an independent consultant and advisor, working primarily with Financial Market Infrastructures, their clients, and regulators.