WHO WE ARE
The ARC is a coalition of financial services firms 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 infrastructure.
View Our Full List of Members
- AIG
- Bank of America
- BNY Mellon
- Citi
- The Clearing House
- CLS Group
- CME Group
- The Depository Trust & Clearing Corporation (DTCC)
- Fannie Mae
- Federal Reserve Financial Services
- Fidelity
- Fiserv
- Freddie Mac
- Goldman Sachs
- Intercontinental Exchange
- JPMorgan Chase & Co.
- Mastercard
- Microsoft
- Morgan Stanley
- Nasdaq
- The Options Clearing Corporation (OCC)
- PNC Bank
- Prudential
- State Street Corporation
- SWIFT
- US Bank
- Wells Fargo
Leadership
Scott DePasquale
President and CEO
Scott DePasquale
President and CEO
Scott DePasquale is President & CEO of the Analysis and Resilience Center for Systemic Risk (ARC). In his current role, DePasquale leads a coalition of systemically important banks and financial market utilities to reduce cyber risk and to improve the resilience of digitally connected systems critical to our economic and national security.
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 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
D. Todd Sullivan serves as Chief Risk Officer for Financial Services of the Analysis and Resilience Center for Systemic Risk (ARC). In this role, Todd leads a coalition of systemically important Financial Services entities in the identification, analysis, and mitigation of systemic risk to improve the resiliency of the US financial system.
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.
Richard Hoch
Head of Intelligence Programs
Richard Hoch
Head of Intelligence Programs
Richard Hoch is the Head of Intelligence Programs at the Analysis and Resilience Center for Systemic Risk (ARC). In this position, Rich collaborates with US government agencies and ARC members to address threats to critical financial systems and geopolitical risks to business operations that underpin national and economic security.
Rich brings over three decades of experience in addressing intelligence and national security priorities. Before joining the ARC, Rich served as a senior executive at the Central Intelligence Agency (CIA) and as a counselor at the Department of State. In these roles, he advised senior leaders on the national security risks facing the United States and its allies and opportunities to advance shared interests.
Rich’s senior CIA assignments include leading its global analytic program as the Director for Analysis (DA), where he integrated all sources of collection to deliver actionable and objective insights to senior policymakers and warfighters as the nation confronted numerous international crises and strategic security challenges.
Rich also served as the Agency’s Chief Strategy Officer and delivered the first strategic roadmap after the CIA’s transition to a matrix structure and built and guided the CIA’s first business analysis program at the enterprise level.
Rich’s other CIA assignments include leadership roles in the Counterterrorism Center, where he collaborated with colleagues to create innovative and sustainable programs to disrupt threats and degrade terrorist capabilities after the attacks on 11 September 2001. As US and Coalition forces approached peak levels in Afghanistan, Rich also led a new analytic program on South Asia. His early analytic responsibilities covered foreign defense industries, arms and technology transfers, conventional weapons, and regional crises.
In recognition of his accomplishments, Rich received the CIA’s Distinguished Career Intelligence Medal, four Director’s Awards for Excellence, the George H. W. Bush Award for Excellence in Counterterrorism, and two Presidential Rank Awards.
Rich holds a Master of Science Degree in Aeronautical Engineering from the University of Southern California, and a Bachelor of Science Degree in Aerospace Engineering from the University of Illinois at Champaign-Urbana, where he received the Bronze Tablet Award for graduating in the top three percent of his class and a Distinguished Alumnus Award for his contributions to national security.
Wayne T. Greene, CISSP
Chief Information Officer
Wayne T. Greene, CISSP
Chief Information Officer
Wayne has been in the field of information assurance for more than 25 years, spanning careers within the U.S. military, public, and private sectors. He serves as Chief Information Officer and Chief Security Officer for the Analysis and Resilience Center for Systemic Risk (ARC). Prior to joining the ARC, Wayne was Chief Information Systems Security Officer for KeyPoint Government Solutions, where he was directly responsible for the creation, implementation, management, and oversight of the company’s information security and incident response programs. This role included all activity necessary to accredit sensitive U.S. Government networks via the Federal Risk Management Framework’s assessment and authorization process.
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.
Indre Conners
Director of Finance and Administration
Indre Conners
Director of Finance and Administration
Indre Conners serves as the Director of Finance and Administration for the Analysis and Resilience Center for Systemic Risk (ARC), where she is responsible for finance, human resources, and administration. Conners is a strategy focused, data driven, and results oriented finance professional with more than 20 years of experience.
Before joining the ARC, Conners oversaw accounting, financial planning, compliance, and risk management at MERSCORP Holdings, Inc. (MERS) – which operates the largest registry for documenting and transferring mortgage loans in the US. Conners was responsible for MERS’ strategic planning, valuation, tax strategies, and was instrumental in the acquisition of MERS by Intercontinental Exchange (ICE) Mortgage Technology.
Conners has significant experience throughout her career implementing comprehensive financial and growth strategies, building scalable finance and accounting functions, and implementing ERP platforms for both mortgage lenders and accounting software companies.
She is a Certified Public Accountant (CPA), a Certified Valuation Analyst (CVA), and a Project Management Professional (PMP). Conners holds a Master of Business Administration from Kaunas University of Technology, Lithuania with concentration in Finance, and a Bachelor of Arts from Vytautas Magnus University, Lithuania.
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.
Admiral James Stavridis, USN (Ret)
Board Advisor
Admiral James Stavridis, USN (Ret)
Board Advisor
Admiral James Stavridis is a Board Advisor at the Analysis and Resilience Center for Systemic Risk (ARC). Admiral Stavridis is also a Partner and Vice Chair, Global Affairs of The Carlyle Group and Chair of the Board of Trustees of the Rockefeller Foundation, following five years as the 12th Dean of The Fletcher School of Law and Diplomacy at Tufts University. A retired 4-star officer in the U.S. Navy, he led the NATO Alliance in global operations from 2009 to 2013 as Supreme Allied Commander with responsibility for Afghanistan, Libya, the Balkans, Syria, counter piracy, and cyber security. He also served as Commander of U.S. Southern Command, with responsibility for all military operations in Latin America from 2006-2009. He earned more than 50 medals, including 28 from foreign nations in his 37-year military career.
Earlier in his military career he commanded the top ship in the Atlantic Fleet, winning the Battenberg Cup, as well as a squadron of destroyers and a carrier strike group – all in combat. In 2016, he was vetted for Vice President by Hillary Clinton and subsequently invited to Trump Tower to discuss a cabinet position in the Trump Administration.
Admiral Stavridis earned a PhD in international relations and has published fourteen books and hundreds of articles in leading journals around the world, including the recent novel “2034: A Novel of the Next World War,” which was a New York Times bestseller and “To Risk It All: Nine Conflicts and The Crucible of Decision.” His most recent book “The Restless Wave: A Novel of the United States Navy” was published in October 2024. His 2012 TED talk on global security has close to one million views. Admiral Stavridis is a Bloomberg Opinion columnist and Chief International Security Analyst for NBC News.
Lester Owens
Board Advisor
Lester Owens
Board Advisor
Lester Owens is a Board Advisor at the Analysis and Resilience Center for Systemic Risk (ARC). Lester was previously a Senior Executive Vice President and former head of Operations at Wells Fargo & Company, responsible for building a more unified, more integrated approach to Wells Fargo’s business operations functions. He served on the Wells Fargo Operating Committee and was based in New York. Lester managed a team of more than 80,000 employees globally across Corporate & Investment Banking, Commercial Banking, Wealth Management, Consumer Banking & Shared Services.
Lester has more than 30 years of leadership, risk management, and operations experience in the financial services industry. He joined Wells Fargo from Bank of New York Mellon, where he served on the Operating Committee and was Global Head of Operations, responsible for a team of 20,000 employees supporting every stage of the client investment lifecycle, including initiation, account creation, trading, clearing and settlement, and asset servicing.
Prior to joining Bank of New York Mellon, Lester spent 10 years at JPMorgan Chase, where he was responsible for Global Wholesale Banking Operations, among other roles. He previously led significant operations functions for Deutsche Bank, Citibank, and Bankers Trust.
He has held various Board seats including the Board of Directors of the Depository Trust & Clearing Corporation (DTCC) in 2016 and he chaired the Clearing House Interbank Payments Systems Board in 2015 to 2016. He is currently Chairman of the Board of Directors of Robert Wood Johnson Barnabas Health, Inc., the leading academic health system in New Jersey. Additionally, Lester is member of the Board of Directors of Fidelity Mutual Fund and Chefs’ Warehouse.
Lester is a graduate of Long Island University and the Fairleigh Dickinson Executive MBA program.
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.
Board of Directors
Craig Froelich, Chair
Chief Technology Officer,
Bank of America
Pat Opet, Vice Chair
Global Chief Information Security Officer,
JP Morgan Chase
Matthew Chung
Chief Information Security Officer,
Head of Technology Risk,
Goldman Sachs
Timothy J. Cuddihy
Group Chief Risk Officer,
The Depository Trust & Clearing Corporation
Jennifer Ewbank
Independent Director,
National Security Executive
Tracy Harrington
Executive Vice President,
Chief Information Officer,
Federal Reserve Financial Services
Elizabeth Joyce
Chief Information Security Officer,
State Street Corporation
Matthew McCormack
Chief Information Security Officer,
BNY Mellon
Chris Porter
Chief Information Security Officer,
Fannie Mae
Al Tarasiuk
Chief Information Security Officer,
Citi
Katherine Wetmur
Chief Information Officer,
Cyber, Data, Risk, Resilience,
Morgan Stanley
Scott DePasquale
President and CEO,
Analysis & Resilience Center for Systemic Risk