Grespin, who reports to Dennis Dirks, COO of DTCC, most recently served as EVP for business services at
Although Grespins duties include mutual funds, the insurance industry presents a formidable challenge, as processing standards have not yet been established. Referring to insurance as "the last great frontier in the financial services industry," he added, "We have been talking about this for the past decade without anyone successfully mainstreaming insurance product. And this wont happen until someone can standardize insurance processing for the broker/dealer community."