• Press Room
  • Press Releases
    • 2008
    • 2007
    • 2006
    • 2005
    • 2004
    • 2003
    • 2002
    • 2001
    • 2000
    • 1999
  • Media Contacts
• Newsletters

News Center

Press Room

DTCC Names Karim Houry Vice President of Business Reengineering & Quality

New York, May 2, 2007 - The Depository Trust & Clearing Corporation (DTCC) announced today the appointment of Karim Houry as vice president of Business Reengineering and Quality.

In a new position at DTCC, Houry will be responsible for advancing the company's enterprise-wide Reengineering and Quality initiatives. Houry will be working with business units to help foster the use of metrics to strengthen performance in the organization. He will report to John Colangelo, managing director, DTCC Operations and Business Reengineering.

"The Quality program at DTCC is part of a much larger effort to keep pace with a rapidly changing industry in a more global marketplace, all the while exceeding our customers' expectations," said Colangelo. "Over the past six years, we've significantly integrated the Six Sigma program throughout DTCC and raised quality awareness among all employees to better serve our customers."

Houry brings to his position 16 years of experience at American Express, working in the Finance, Global Treasury, Strategic Planning and Credit Risk Management areas. Most recently, he was vice president of the Global Reengineering and Six Sigma Group, where he led American Express' Reengineering and Six Sigma Program.

"Houry is a proven industry leader with extensive experience using Reengineering and Six Sigma performance tools. He will be an asset to our staff as we continue to expand our program and apply Six Sigma metrics to achieve process excellence," said Colangelo.

Houry is a graduate of the Université de Paris-Dauphine in Paris, France, with a master's degree in international trade and business. He also holds a master's of business administration degree in finance from New York University's Leonard N. Stern School of Business.

About DTCC
The Depository Trust & Clearing Corporation (DTCC), through its subsidiaries, provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities and over-the-counter derivatives. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks. DTCC's depository provides custody and asset servicing for 2.8 million securities issues from the United States and more than 100 other countries and territories, valued at $36 trillion. In 2006, DTCC settled more than $1.5 quadrillion in securities transactions. DTCC has operating facilities in multiple locations in the United States and overseas. For more information on DTCC, visit www.dtcc.com.