NEW
YORK, May 8, 2024 /PRNewswire/ -- R&T
Deposit Solutions ("R&T"), a leading provider of tech-enabled
cash management and deposit placement programs, announced today the
appointment of Mieko Shibata as
Executive Vice President and Chief Information Officer. Leveraging
her extensive experience in financial technology, Ms. Shibata will
lead the firm's technology strategy and serve as a member of the
Executive Management Committee.
Ms. Shibata comes to R&T from Bank of America ("BofA") where
she served for six and a half years in technology leadership roles
including Head of Global Markets Regulatory Reporting Technology
and Head of Global Markets FX / OTC Derivatives Post Trade
Technology. She also represented BofA on the Depository Trust &
Clearing Corporation ("DTCC") DerivSERV board. Prior to BofA, Ms.
Shibata spent nearly four years heading up the DTCC's derivatives
technology group and global trades repository.
Ms. Shibata's leadership journey includes pivotal roles at both
J.P. Morgan and Morgan Stanley. Notably, she held the position of
Managing Director within J.P. Morgan's corporate and investment
banking ("CIB") technology group, dedicating four and a half years
to advancing CIB clearance and collateral management technology.
Additionally, she served as Managing Director within Morgan
Stanley's institutional securities group. Ms. Shibata began her
professional career at Morgan Stanley's Tokyo office, later expanding her expertise
with assignments at the London
office before ultimately transitioning to New York.
"I am honored to have Mieko join our leadership team,"
expressed Susan Cosgrove, R&T's
Executive Chairperson. "Her wealth of experience in financial
technologies and invaluable insights will help drive innovation and
digital transformation as we continue to modernize the way we
operate and serve our clients."
With support from equity stakeholders GTCR and Estancia Capital
Partners, R&T has made significant investments in a strategic
leadership strategy aimed at leveraging the collective strengths of
its dynamic and skilled team to propel growth, foster
transformation, and achieve success.
About R&T Deposit Solutions
Founded in 1974, R&T Deposit Solutions provides cash
management and deposit placement programs to the financial services
industry. Through its tech-enabled services, R&T helps banks,
credit unions, broker-dealers, trust companies and wealth managers
meet their unique cash sweep and deposit funding needs. As a
recognized leader in the administration of deposit networks, the
Demand Deposit Marketplace® (DDM®) program
administered by R&T provides banks and other depository
institutions access to billions of dollars in reciprocal deposits,
and for their underlying customers, access to expanded levels of
insurance coverage on their deposits through other participating
banks in the program. R&T is a portfolio company with the
majority interests owned by private equity firms, GTCR and Estancia
Capital Partners. For more information about R&T, please visit
our website at https://www.rnt.com
R&T Deposit Solutions Media Contact
Teresa Murphy
tmurphy@rnt.com
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SOURCE R&T Deposit Solutions