MutualFundWire.com
   The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
Friday, October 8, 1999 NSCC Head Retires David Kelly, president and chief executive officer of National Securities Clearing Corporation (NSCC) will be retiring in February, 2000, the New York-based company said.
He was also responsible for guiding the formation of three affiliate clearing corporations, the Government Securities Clearing Corporation, the International Securities Clearing Corporation and the Emerging Markets Clearing Corporation. During Kelly's tenure, the NSCC expanded into new businesses such as mutual funds and insurance services and moved from T+5 settlement to T+3, as well as spearheaded the move to settlement in same-day funds. In addition to retiring as head of NSCC, Kelly will also retire as CEO of Government Securities Clearing Corporation and CEO of International Securities Clearing Corporation. Printed from: MFWire.com/story.asp?s=25094 Copyright 1999, InvestmentWires, Inc. All Rights Reserved |