The Clearing House
Sheffali Welch currently serves as Executive Vice President and Chief Operating Officer at The Clearing House, starting in August 2023. Prior experience includes the role of Chief Operating Officer for Finance at BNY Mellon since February 2021, and Chair of the Board for the Simon Women’s Alliance at the University of Rochester - Simon Business School since June 2017. Sheffali has held significant positions such as Chair of the Board SWA, Managing Director, and COO/CFO at Global Banking from August 2010 to February 2021, and various high-level roles at Deutsche Bank from September 2010 to August 2018 and Citi from August 2002 to August 2010. Earlier career experiences include working as an Associate at Booz Allen Hamilton and as a Global Operations Analyst at GE Capital. Educational qualifications include an MBA in Finance and Strategy from the University of Rochester - Simon Business School and a BA in Cognitive Science from the University of Chicago.
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The Clearing House
The Clearing House is a banking association and payments company owned by the largest commercial banks, and dates back to 1853. The Clearing House Payments Company L.L.C. owns and operates core payments system infrastructure in the United States and is currently working to modernize that infrastructure by building a new, ubiquitous, real-time payment system. The Payments Company is the only private-sector ACH and wire operator in the United States, clearing and settling nearly $2 trillion in U.S. dollar payments each day, representing half of all commercial ACH and wire volume. Its affiliate, The Clearing House Association L.L.C., is a nonpartisan organization that engages in research, analysis, advocacy and litigation focused on financial regulation that supports a safe, sound and competitive banking system.