Susan Cosgrove is a Managing Director and General Manager responsible Settlement and Asset Services at DTCC. In this role, she manages all depository businesses including settlement, underwriting, custody, securities processing, corporate action processing, and tax and issuer services. Prior to this role, she managed all of DTCC’s Clearing Services including equity trade clearance through Continuous Net Settlement (CNS) and clearing for the Fed eligible products of FICC.
Cosgrove is a member of DTCC’s Operating Committee, Management Risk Committee and the Strategy and Planning Council. Cosgrove serves as a Member of the Board of Managers of Omgeo, DTCC’s global joint venture with Thomason Reuters, and as an Executive Committee Member of the Americas’ Central Securities Depositories Association (ACSDA).
Prior to joining DTCC in 1999, Cosgrove served as Senior Vice President at Lehman Brothers in charge of Audit and Compliance for Lehman’s Americas Division. Preceding her time at Lehman, Susan worked at Maxcor Financial Group for 10 years as the Chief Financial Officer and Head of Compliance.
Prior to her role at Maxcor Financial Group, Cosgrove served as a Senior Auditor for PricewaterhouseCoopers. She was in the Financial Services Group specializing in bank and broker/dealer accounting.
Cosgrove holds a B.B.A. in Accounting from Baruch College and is a Certified Public Accountant.