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The Depository Trust & Clearing Corporation Wins Recognition from Governor Jeb Bush and the State of Florida
Company Receives Governor's Business Diversification Award for Newcomers
New York, September 20, 2005 - The Depository Trust & Clearing Corporation (DTCC) has been named a recipient of the 2005 Governor's Business Diversification Award. DTCC was recognized in the "newcomer" category, which honors businesses that are new to Florida and have already had a significant impact on the community and the state. The company received the award at a special luncheon at the Governor's Mansion yesterday.
The New York-based financial services company opened a major new operating center in Tampa earlier this year as part of its business continuity strategy to decentralize after the attack of September 11, 2001. The Tampa facility is a strategically significant location for the company in helping to safeguard the certainty and resiliency of the nation's financial services system. DTCC chose Tampa based on its knowledgeable workforce, affordable housing, diversity, educational resources, outstanding medical facilities, accessible airports and reasonable cost of living.
"DTCC has emerged as an exemplary business, giving back to the community and employing one of the most diverse workforces in the region," said Florida Governor Jeb Bush.
"We'd like to thank the Governor for singling out DTCC for this special recognition and for the leading role he played in bringing us to Florida," said Jill M. Considine, DTCC Chairman and CEO. "The level of support and cooperation among state, county and local officials in helping convince us to chose Tampa for this new facility is a model of how regions of the country can attract private sector investment. Our hope is that we will have a strong presence in the Tampa Bay area for years to come."
Since the Tampa office opened in March, DTCC has nearly 350 employees now working at this location. In addition, DTCC has already donated thousands of dollars to the United Way of Tampa Bay and has worked to update and enhance a local elementary school that the company adopted.
"Our employees maintain a high level of civic involvement through personal contributions to the United Way and by volunteering their time and expertise to the community," said Alan Hutton, managing director in charge of the company's Tampa facility. "Over two-thirds of our employees contributed to the United Way campaign this year. We're very pleased to be here in Tampa, and we want the community to know that we intend to be a good civic neighbor for a long time to come.
"Our decision to locate here came after an exhaustive search. We looked at various locations nationwide, but Hillsborough County and the city of Tampa quickly rose to the top, based on our broad criteria. And we've found Tampa to have the perfect mix of what we were looking for, and we are so appreciative of the welcoming response we have received from this wonderful community."
About DTCC
Through its subsidiaries, DTCC provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities and over-the-counter derivatives. DTCC's depository also provides custody and asset servicing for almost two and half million securities issues from the United States and 100 other countries and territories. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks. DTCC has operating facilities in multiple locations in the United States and overseas. For more information on DTCC, visit www.dtcc.com.
Note to Editors: The release from the Governor's office, "GOVERNOR'S DIVERSIFICATION AWARDS HIGHLIGHT FLORIDA BUSINESSES," is available at http://www.myflorida.com/myflorida/eogadmin/showPress.jsp?press_id=6046