Fulcrum Group Names New Chairman

Jul 11 2008 | 11:28am ET

Global administrator Fulcrum Group has appointed Jill Considine, former chairman of the Depository Trust & Clearing Corporation in New York, as chairman.

As head of DTCC from 1999 to 2006, Considine was responsible for building it into the world's largest post-trade infrastructure for clearing, settlement and custody for most U.S. securities transactions. She expanded DTCC's business activities into the OTC derivatives market, led the launch of Omgeo (a joint venture with Thomson Financial) and positioned the company to be a global service provider.

“Fulcrum is at a turning point in its evolution and is poised for further expansion in existing and new markets,” said Akshaya Bhargava, CEO of Fulcrum. “Jill’s leadership and extensive experience as the head of the DTCC during a pivotal time in the securities industry will serve to provide invaluable stewardship as Fulcrum focuses on its strategic initiative of building the gold standard administrative platform for the hedge fund industry.”

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