The President and CEO of South Street Securities LLC, James Tabacchi, was recently elected for a five year term on the Depository Trust & Clearing Corporation (DTCC) Board of Directors.

DTCC plays a critical role in settling transactions between buyers and sellers of securities, reducing rks and protecting the integrity of the global financial markets.According to DTCC:

Individuals are nominated for election as directors based on their ability to represent DTCC's diverse base of participants, and DTCC's governance is specifically structured to help achieve this objective. The non-participant Board members are individuals with specialized knowledge of financial services, but who bring an independent perspective since they are not affiliated with firms that use DTCC services. Board members serve on a variety of Board committees with responsibility to oversee aspects of DTCC's operation. In addition, to ensure broad industry representation and expertise on key industry subjects, industry representatives who are non-Board members also serve on a number of advisory committees to the Board.

The Board plays a critical role in overseeing the strategic direction of DTCC, working closely with the firm’s leadership and advising on topics including risk management, regulatory matters, the development of new products and services, emerging fintech and more.

To learn more about the leadership on the DTCC Board of Directors members, go to https://www.dtcc.com/about/leadership/board. 

About James Tabacchi

Mr. Tabacchi joined Citicorp/Citibank in 1980. Over a period of 20 years he worked in various customer interface and business head positions within the Investment, Corporate, and Consumer Banking Divisions.

In 1987 Mr. Tabacchi became the regional business manager for the Northeast Division of Citicorp Mortgage, Inc.

In 1989 he was a Division Financial controller in Citicorp's North American Investment Bank. During 1990 Mr. Tabacchi was asked to manage the day-to-day operations of Citibank's Municipal Trust business. He revamped the product lines and packaged the business for sale, which was completed in 1992. He then joined the Finance Desk and was named Treasurer of Citicorp Securities, Inc. in 1995.

As Treasurer, Mr. Tabacchi initiated an off balance sheet engineering effort to securitize Citicorp's fixed income business. In 1998, he was given additional responsibilities as co-head of the Primary Dealer desk and was accountable for over $50 billion in Securities Assets, Mortgage Loans, Reserves, and Placements. In addition, Mr. Tabacchi was responsible for expanding the Structured Finance Group, which had become the cornerstone of Citibank's fixed income business plans prior to the Citicorp-Travelers merger.

In 2000, Mr. Tabacchi co-founded South Street Securities, Matrix Applications and its predecessor firms. South Street Securities is a New York based broker dealer specializing in securities finance and repurchase agreements for high quality securities. In May 2021, he was elected to the DTCC Board of Directors for a five year term. 

Mr. Tabacchi's FINRA certifications include Series 7, 63, 27 and 24.

To learn more about South Street's leadership and team, go to https://www.southstreetsecurities.com/about.