OCC bolsters board of directors 30 July 2019Chicago Reporter: Maddie Saghir
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Susan O鈥橣lynn from Morgan Stanley and Stuart Bourne from Bank of America Merrill Lynch have joined OCC鈥檚 board of directors as member directors.
Both O鈥橣lynn and Bourne fill the vacancies left by the resignations of Rachelle Keller of Citi in July 2018, and Jonathon Werts from Bank of America Merrill Lynch in May 2019.
At Morgan Stanley, O鈥橣lynn serves as managing director and global head of central counterparty (CCP) strategy and resource optimisation.
In this role, she is responsible for CCP strategy and resource optimisation, in addition to being Europe Middle East and Africa head of bank resource management within institutional securities.
Meanwhile, Bourne has worked at Bank of America Merrill Lynch, since 2013, and currently serves as managing director, head of Americas asset management services.
In his role, Bourne is responsible for options clearing and prime brokerage.
Craig Donohue, OCC executive chairman, commented: 鈥淎s a systemically important financial market utility, OCC is fortunate to attract a board of directors that brings significant expertise in risk management, technology, operations, compliance, regulatory policy and audit to help us fulfil our mission of ensuring confidence in financial markets and the broader economy.鈥�
"Adding Susan O鈥橣lynn and Stuart Bourne to our board of directors supports OCC's continued resiliency, innovation and growth as an industry leader as we clear the path to provide high-quality, efficient clearance, settlement and risk management services to the users of our markets.鈥�
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