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Jill Considine, The Depository Trust & Clearing Corporation, Wins the Six Sigma CEO of the Year Award as The Global Six Sigma Awards Announces the Finalists for the 2006 Program

Posted by The QSG Team -- 05/11/06 - 10:49:02 am

From a Press Release

CHICAGO, Illinois, May 11 /PRNewswire/ -- The Global Six Sigma Awards, organized by WCBF, today announced that Jill M. Considine, Chairman & CEO, The Depository Trust & Clearing Corporation (DTCC), has been named the winner of its prestigious Six Sigma CEO of the Year Award.

Jill M. Considine, Chairman & CEO, The Depository Trust & Clearing CorporationMs. Considine will be presented with the award at The Global Six Sigma Awards Gala Dinner on June 28, at The Venetian Resort, Las Vegas, where she will address the audience on Six Sigma success at DTCC.

Sponsored by Breakthrough Management Group, the Six Sigma CEO of the Year Award is the premium category of The Global Six Sigma Awards program, which has been established to identify outstanding organizational success achieved through the application of Six Sigma methodologies.

Following evaluation of Six Sigma activities at over 30 global organizations, Ms. Considine was selected from the list of finalists by the independent judging panel as the Six Sigma CEO of the Year Award for the deployment of Six Sigma at DTCC to drive through organizational success.

Dr. Subir Chowdhury, best-selling Six Sigma author, Chairman and CEO of ASI Consulting Group, LLC and a member of the independent judging panel, said: "Ms. Considine emerged as a clear winner of this accolade through her personal championship of Six Sigma within DTCC, ensuring that Six Sigma was embedded within daily operations as well as the organizational culture. She also has to be applauded for her vision, bringing in Six Sigma back in 2001, a time when Six Sigma concepts were new to the financial services sector."

"It is an honor that our Six Sigma efforts at DTCC have been singled out by The Global Six Sigma Awards program," Ms. Considine said. "Since DTCC's earliest years, we've operated under the premise that if we're going to meet rising customer demands, and if we are to stay relevant in this changing financial services environment -- then Six Sigma methodology and metrics must reach deeply into our organization. Quality at DTCC is not a catch phrase or a nice-to-do. It's a business imperative. It's the way we do business every day."

DTCC is the world's largest post-trade infrastructure organization and, last year, settled in excess of 1.4 quadrillion dollars in securities transactions. With operating facilities in multiple locations in the United States and overseas, the company provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities and over-the-counter credit and equity derivatives. DTCC's depository also provides custody and asset servicing for more than two million securities issues from the United States and 100 other countries and territories. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks.

"DTCC plays a critical role in bringing safety, soundness and reliability to the post-trade processing infrastructure in the U.S. markets," Ms. Considine commented, "and we play a collaborative role with other service providers and infrastructure organizations around the world. Our Six Sigma initiatives help us ensure that we continue to protect the industry from risks inherent in growing trading volumes, the complexity of trading instruments and the influence of globalization and consolidation.

Ms. Considine is an internationally recognized leader in financial services. She is a member and regular speaker at the World Economic Forum in Davos, Switzerland, and was appointed by President George W. Bush to the Advisory Committee for Trade Policy and Negotiations. She is a member of the Council on Foreign Relations and a board member of the Partnership for New York City. In addition, Ms. Considine currently serves on the board of directors of the Federal Reserve Bank of New York, in addition to serving on other public and non-profit boards.

The Six Sigma CEO of the Year Award is the premium of 13 categories within The Global Six Sigma Awards program. The program received 65 entries from organizations based in India, Saudi Arabia, Singapore, South Africa, the UK and the U.S. for the 2006 competition.

Also announced today are the 31 entries going forward for the final stages of judging in seven of the organizational categories and the Six Sigma VP of the Year Award.

In addition to DTCC, these organizations include: Alexandra Hospital; Alta Resources; Capital One Direct Banking; Celanese Corporation; CHEP; CHRISTUS Schumpert Health System; CIGNA Corporation; Cooper Standard Automotive; Cooper Tire & Rubber Company; DaimlerChrysler Corporation; Deaconess Women's Hospital; EMC Corporation; General Cable; Lonmin; McKesson Corporation; New York Presbyterian Hospital; North Shore-LIJ Health System; PACCAR; Progeon; Quest Diagnostics; Saudi Aramco; and TD Canada Trust.

The winners will be announced at The Global Six Sigma Awards Dinner on June 28 at the Venetian Resort, Las Vegas. The Gala Dinner coincides with WCBF's Global Six Sigma Summit (www.gsssa.com), the largest gathering of CEOs and senior executives passionate about Six Sigma. The three keynote speakers for this Summit will be best-selling authors Malcolm Gladwell ("blink" and "The Tipping Point"), Dr. Subir Chowdhury ("The Power of Six Sigma: An Inspiring Tale of How Six Sigma is Transforming the Way We Work") and Joseph Grenny, a founder of VitalSmarts and leading authority in organizational effectiveness.

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