DTCC Names Chief Security Officer, CEO for Soltra Venture

The Depository Trust & Clearing Corporation (DTCC) has hired Stephen Scharf as chief security officer, a new role responsible for centralizing and aligning DTCC's global information security, leading crisis management functions and other responsibilities concerning risk management.

Previously, Scharf was global chief information security officer at Experian, a global information services company. His experience also includes roles at Bloomberg and information security and technology companies.

Although Scharf's role is new, he is replacing Mark Clancy, formerly chief information security officer at DTCC, who has become chief executive officer for Soltra, a joint venture between DTCC and the Financial Services Information Sharing and Analysis Center, to provide an automated cyber threat intelligence platform.