WHO WE ARE
The ARC is a coalition of financial services and energy companies working together to identify, prioritize, and mitigate systemic risk to the nation’s most critical infrastructure. The ARC delivers actionable solutions which reduce systemic risk.
Members
Our member firms are owners and operators of the nation’s most critical financial and energy sector infrastructure.
View Our Full List of Members
- AIG
- American Electric Power
- Bank of America
- Berkshire Hathaway Energy
- BNY Mellon
- Citi
- The Clearing House
- CLS Group
- CME Group
- Con Edison Inc.
- The Depository Trust & Clearing Corporation (DTCC)
- Dominion Energy
- Duke Energy
- Edison International
- Exelon Corporation
- Fannie Mae
- Goldman Sachs
- Intercontinental Exchange
- JPMorgan Chase & Co.
- Mastercard
- Morgan Stanley
- Nasdaq
- The Options Clearing Corporation (OCC)
- Prudential
- Southern Company
- State Street Corporation
- SWIFT
- Wells Fargo
- Xcel Energy
Leadership
Scott DePasquale
President and CEO
Scott DePasquale
President and CEO
Prior to joining the ARC, DePasquale was a general partner at New York based venture capital firm Braemar Energy Ventures, where he funded and built numerous technology companies spanning sustainable energy, mobility, and infra-tech. DePasquale served on Braemar’s investment committee for eight years and served as Chairman and CEO of Utilidata—a Braemar portfolio company delivering digital automation and cybersecurity solutions to the power utility sector.
Prior to his role as a venture capitalist at Braemar, DePasquale was a senior vice president at GE Capital, where he led the group’s Boston-based energy technology investments. In this capacity, he worked closely with scientists and engineers across GE’s corporate R&D center, as well as executives from various internal businesses, to identify and commercialize transformative technologies. Before joining GE, DePasquale spent several years managing analytics and international dispute resolution for an energy security think tank. He started his career as a trader in the energy and financial sectors.
DePasquale previously served as Chairman of the Rhode Island Homeland Security Advisory Board, and as Chairman of the Rhode Island Cybersecurity Commission, appointed by Governor Gina M. Raimondo. He was also a member of the DHS Homeland Security Advisory Council Subcommittee on Cybersecurity.
DePasquale is a Trustee of the U.S. Naval War College Foundation, where he serves as a managing board member and as Chairman of the National Events Committee. He holds a Master of Arts in International Relations and Affairs from the Fletcher School of Law and Diplomacy at Tufts University, a Master of Science in Finance from Suffolk University, and a Bachelor of Science in Business Administration from Bryant University.
Todd Sullivan
Chief Risk Officer, Financial Services
Todd Sullivan
Chief Risk Officer, Financial Services
Todd brings over 20 years of experience in leading global teams in Operations and Risk Management for major financial services organizations across multiple asset classes.
Prior to joining the ARC, Todd served as the Head of Business Unit Risk Management for the Fixed Income Sales and Trading business in the Americas for Morgan Stanley. He led a team responsible for First Line of Defense controls and supervision, Trade and Conduct Surveillance, Operational Risk Management, Audit, and Regulatory Engagement, new product and business review and approval, and Electronic Trading Risk Management. He served on the Conduct Risk Committee for Fixed Income, the Firm’s Americas Franchise Risk Committee, Operational Risk Oversight Committee, Enterprise Risk Oversight Committee, and co-chaired the Residential Mortgage Risk Committee. Prior to his role in the Fixed Income Business, Todd was the global head of Securities Operations across the Institutional Securities Group. His teams were responsible for all operational support of the cash Equity, Fixed Income, Client and Firm Financing, and Syndication businesses.
Todd joined Morgan Stanley in 2004 after almost 10 years in Operations at Lehman Brothers. Throughout his career, he has served in numerous leadership roles across the industry, serving as the firm’s lead representative on issues such as the redesign of the CDS contract, Central Counterparty Clearing, derivative portfolio compression, and serving as the chair of numerous industry efforts through SIFMA/BMA, ISDA, and the CUSIP Service Bureau. Todd Chaired the Corporate Credit Markets Operations group at the BMA, served on numerous SIFMA working groups and committees, chaired the Credit Implementation Group at ISDA, and has served on the CSB board for more than 10 years (most recently as its Chair).
For more than 10 years, Todd has served on the Boards of Lincoln Hall Boys’ Haven and the LH Foundation. He serves as the treasurer of both organizations and as a member of the Executive Committee of the boards. Since 1863, Lincoln Hall has served the needs of disadvantaged and at-risk youth. Lincoln Hall provides education, structure, and support to young men and their families with the hopes of creating a future of promise and opportunity.
Todd holds a Master of Business Administration from New York University’s Stern School of Business with concentrations in Finance and Operations Management, and a Bachelor of Arts from Villanova University.
Bruce J. Walker, JD
Chief Risk Officer, Energy
Bruce J. Walker, JD
Chief Risk Officer, Energy
Prior to joining the ARC, Bruce was nominated by President Trump and unanimously confirmed by the U.S. Senate in 2017 to serve as Assistant Secretary for the Office of Electricity at the U.S. Department of Energy (DOE). In this capacity, he provided national leadership to enhance our nation’s security for Defense Critical Electric Infrastructure and led national research to develop technologies and capabilities to meet this responsibility, including advancing microgrids, high speed/high fidelity sensing, and data analytics, and bulk power energy infrastructure modeling. As Assistant Secretary, Bruce initiated and completed various key initiatives, including identifying and certifying for the first time the Critical Defense Facilities and their associated Defense Critical Electric Infrastructure throughout the United States and its territories, the creation of the North American Energy Resilience Model–a first-of-its-kind model that includes all bulk power energy assets throughout North America – and the establishment of the Grid Storage Launchpad focused on accelerating the development of mega-watt scale energy storage, the groundbreaking of which occurred in August 2020.
Bruce also established and served as the first Acting Assistant Secretary of DOE’s Office of Cybersecurity, Energy Security, and Emergency Response.
Notably, Bruce was also responsible for the four Power Marketing Administrations (PMA) established by Congress. These four PMAs own and operate the transmission system that connects U.S. federal hydro-electric generation to rural America from more than 100 hydro-electric turbines. The CEO-led PMAs employ more than 5,000 federal employees, provide power in 34 states covering more than 2 million square miles, and fund many Department of Interior and United States Army Corps projects associated with the dams.
Bruce also served as the Chief Environmental Review and Permitting Officer for all departments within DOE and the federal ex-officio member on the Department of Homeland Security – Federal Emergency Management Agency National Advisory Council. Lastly, he was the senior DOE official responsible for one of three Primary Mission Essential Functions that support the eight National Essential Functions.
Prior to joining DOE, Bruce was the Deputy County Executive for Putnam County, New York, and served on the Board of Directors for the Hudson Valley FBI InfraGard partnership. For more than 20 years, he held leadership positions in System Operations, Emergency Management, Asset Management, and Regulatory Services across National Grid U.S. and Consolidated Edison of New York. He was also a member of Con Ed’s Biological Chemical Weapons Response Team created after the first World Trade Center bombing in 1993.
Bruce has previously served on DOE’s Electricity Advisory Committee; was an advisor for the development of the mega-watt scale renewable resources integration lab developed by DOE in Golden, Colorado; and was a member of the Board of Directors for Grid Wise Alliance, Inc., where he co-founded the Global Smart Grid Federation, a collaboration among 18 countries to modernize the world’s electric energy system.
Bruce holds a Bachelor of Electrical Engineering from Manhattan College and a Juris Doctor in Law from Pace University where he was the technical editor of the Environmental Law Review and received an Environmental Law Certificate. He has completed the Distribution Systems program from Siemens – Power Technologies International. Bruce is a distinguished graduate of the United States Air Force Academy Preparatory School and received an Honorable Discharge from the United States Military Academy.
Nicole West
Chief Operating Officer
Nicole West
Chief Operating Officer
Prior to joining the ARC, Nicole was President of West Advisory, where she helped early stage to middle market firms accelerate smart growth including founding the Washington Metro DC CEO FinTech Roundtable. She also co-founded Luminous Group, LLC, which focused on innovative applications of Blockchain-based and other emerging technologies.
Nicole’s extensive financial services sector experience includes serving as Managing Director at Legg Mason in the office of the Chairman and CEO, Chief of Staff for Global Financial Services and Chief Operating Officer for Capital One Federal Savings Bank at Capital One, Managing Director at Freddie Mac, and Global Head of Financial Services at Laureate International.
Her zeal for creating economic opportunities through global development, entrepreneurship, and education is evident as a board, compensation, and audit committee member of Ascent Funding and MPOWER Financing, leading providers of student loans to domestic and international students, an Advisory Board member for Heimdall Data, an application optimization platform for cloud and mobile backend infrastructure, a Board director and Investment Committee Chair for St. Mary’s College of Maryland, and a CEO Mentor to social entrepreneurs with The Global Good Fund.
Nicole holds executive certifications in Finance from the Wharton School of Business and Leadership at the Darden School of Business, University of Virginia, and graduated with honors from the University of South Carolina with a Bachelor in Computer Science, winning the prestigious Algernon Sydney Sullivan Award.
Chris Button
Chief Intelligence Officer
Chris Button
Chief Intelligence Officer
Chris previously served as Chief of Staff of the ARC’s predecessor organization, the Financial Systemic Analysis and Resilience Center (FSARC). Prior to joining FSARC, Chris was an Executive Director on JPMorgan Chase’s Global Cyber Partnerships & Government Strategy team, where he was responsible for cybersecurity operational collaboration relationships with industry partners and government agencies and a key advocate for the public-private partnerships that underpin the ARC. Prior to joining JPMorgan Chase, Chris was part of Deloitte’s Federal Cyber Risk practice focused on delivering cybersecurity solutions for the Intelligence Community and the Department of Homeland Security (DHS).
Chris is a senior fellow at Auburn University’s McCrary Institute for Cyber and Critical Infrastructure Security. He served as a senior executive at DHS for ten years in a variety of roles including Chief of Staff of the Office of Intelligence and Analysis, Senior Advisor on cybersecurity policy, and, most recently as DHS’ Director of Cyber Threat Analysis. Chris led the development of many DHS information and intelligence sharing initiatives with the private sector and state and local governments. His Cyber Threat Analysis team developed models for understanding cyber threats to federal networks and critical infrastructure.
Chris is a retired U.S. Coast Guard officer who served in a variety of demanding operational roles, including command at sea conducting law enforcement in the waters off southeast Florida and the Caribbean. He holds a Master of Public Administration from the University of Miami (FL).
Wayne T. Greene, CISSP
Chief Information Officer
Wayne T. Greene, CISSP
Chief Information Officer
Wayne previously served as Chief Information Security Officer and Director of Cyber Security at General Dynamics Corporation with direct executive management oversight of the entire information security program across all domestic and international business lines. In that role, Wayne represented General Dynamics on the Defense Industrial Base Sector Coordinating Council and served on numerous U.S. Government working groups and task forces to define cybersecurity best practices, policies, and disruptive technologies to better protect U.S. national security interests.
Wayne developed his expertise in Information Assurance as a Special Agent within the Federal Bureau of Investigation and as a member of the United States Air Force. Within his bureau career, he was selected for numerous specialty assignments related to foreign counterintelligence and cyber investigative matters, held various supervisory roles, and ultimately served as Head of the FBI Counterintelligence Division’s Cyber and Telecommunications program to counter threats posed by foreign state actors in matters with a counterintelligence and cyber nexus. Wayne has also held positions as a nuclear engineer, petroleum engineer, environmental engineer, and police officer.
Wayne is a Certified Information Systems Security Professional. He is a nuclear engineering graduate and is pursuing advanced degrees in Enterprise Architecture along with Information Assurance and Cybersecurity.
Russ Fitzgibbons
Senior Financial Services Risk Advisor
Russ Fitzgibbons
Senior Financial Services Risk Advisor
Russ Fitzgibbons is the Senior Risk Advisor for Financial Services at the Analysis and Resilience Center for Systemic Risk (ARC). Russ was previously seconded to the ARC’s predecessor organization, the Financial Systemic Analysis and Resilience Center (FSARC), from 2017-2019 to manage its Risk and Resiliency function from JPMorgan Chase, where he was a Managing Director.
Prior to joining JPMorgan Chase, Russ was the Executive Vice President and Chief Risk Officer for The Clearing House, a Systemically Important Financial Market Utility, where he was responsible for Enterprise Risk Management, Information Security, and Business Continuity. Prior to joining The Clearing House, Russ held a number of positions at Deutsche Bank, including the Global Head of Cash Operations, an area responsible for the successful processing of all payment and payment-related transactions including high-value payments, ACH transactions, and checks worldwide.
Russ has more than 30 years of management experience in various operations, payments, and payments-related services.
Fran Moore
Senior Intelligence Officer
Fran Moore
Senior Intelligence Officer
As Director for Intelligence (now Analysis) from 2010 to 2014, Fran led the Agency’s large-scale substantive analytic program, ensured strategic resource investment, and a comprehensive talent management strategy to deepen expertise, leadership, and workforce agility. During a period of complex global change, she ensured timely and accurate intelligence insight for the President, senior policymakers, Congress, warfighters, and law enforcement. Prior to 2010, Fran served as Deputy Director for Intelligence and as Deputy Director for Analytic Programs.
From 2005 to 2008, Fran led analysis in the CIA’s Counterterrorism Center. She led efforts to reframe the evolving threat from al-Qa’ida for US national security. She also served as the first Chief of Strategic Planning for the Director of National Intelligence’s Presidential Daily Brief. As Chief, Deputy Chief of Counterintelligence Analysis from 2001 to 2005, Fran developed a program at the CIA to produce analytic insights on issues including espionage, foreign intelligence service activity, and insider threat. After joining the Agency in 1983, Fran served for 12 years as an analyst on East Asia before moving into leadership positions.
Fran is a member of AFCEA’s Intelligence Committee and INSA’s Security Policy Review Committee. She also serves on the board of the Intelligence Community’s Studies in Intelligence. From 2017-2019, Fran served as a member of the National Academy of Sciences Social and Behavioral Sciences Decadal Survey: A Research Agenda for Advancing Intelligence Analysis. Among her many career recognitions, she received a Presidential Rank Award, Distinguished Executive in 2013. She graduated Phi Beta Kappa, Summa Cum Laude from Elmira College in 1982, with bachelors’ degrees in International Relations and Political Science.
The ARC Team
The ARC Team is driven by our mission to reduce systemic risk to the critical functions that support our economic and national security.
Our shared commitment to cross-sector, critical infrastructure resilience with industry and government partners strengthens the collective defense of the nation’s most critical infrastructure.
We dedicate our expertise in operational and technical risk management to develop actionable solutions which improve the resiliency of the financial services and energy sectors.
Board of Directors
Craig Froelich, Chair
Chief Information Security Officer,
Bank of America
Pat Opet, Vice Chair
Global Chief Information Security Officer,
JP Morgan Chase
Nicholas Akins
Chairman, President and CEO,
American Electric Power
Matthew Chung
Chief Information Security Officer and
Head of Technology Risk,
Goldman Sachs
Timothy J. Cuddihy
Group Chief Risk Officer,
The Depository Trust & Clearing Corporation
Bill Fehrman
President and CEO,
Berkshire Hathaway Energy
Elizabeth Joyce
Chief Information Security Officer,
State Street Corporation
Chief Information Security Officer
BNY Mellon
Jason Mull
Chief Information Security Officer,
CLS Group
Pedro Pizarro
President and CEO,
Edison International
Chris Porter
Chief Information Security Officer,
Fannie Mae
Sunil Seshadri
Chief Information Security Officer,
Wells Fargo
Al Tarasiuk
Chief Information Security Officer,
Citi
Katherine Wetmur
Global Co-CTO, Cyber
Morgan Stanley
Scott DePasquale
President and CEO,
Analysis & Resilience Center for Systemic Risk