OCC revamps senior leadership
27 September 2017 Chicago
Image: Shutterstock
Equity derivatives clearinghouse OCC has completed a comprehensive restructuring of its senior staff members including David Prosperi, Jean Cawley, Kirstin Wells.
Prosperi, currently first vice president, public relations, corporate communications and the Options Industry Council (OIC), is being promoted to senior vice president, public relations, corporate communications and OIC.
According to OCC: 鈥淧rosperi has been instrumental in furthering OCC鈥檚 efforts to transition from a low profile market utility to a high profile industry thought leader, which has had a significant and positive impact on enhancing OCC鈥檚 brand, reputation and the stature of OCC鈥檚 leadership.鈥�
He will continue to report directly to Craig Donohue, OCC executive chairman and CEO.
Cawley, currently senior vice president, senior adviser to the executive chairman and CEO, is being promoted to executive vice president, senior adviser to the executive chairman and CEO.
OCC stated Cawley will take on expanded responsibilities to include supporting the office of the CEO in promoting an increased focus on diversity and inclusion opportunities at OCC.
Wells, currently vice president, enterprise risk management, is being promoted to the newly created role of first vice president, regulatory policy.
She will be responsible for analysing regulatory and policy initiatives and working with OCC management to formulate OCC鈥檚 policy positions.
Wells will report to Julie Bauer, senior vice president for government relations.
In a statement on the new appointments, Donohue said: 鈥淭o fulfill its role as an effective and efficient systemically important financial market utility and serve as a forceful advocate for the US exchange-listed options industry, OCC must be seen as a destination for top talent.鈥�
Prosperi, currently first vice president, public relations, corporate communications and the Options Industry Council (OIC), is being promoted to senior vice president, public relations, corporate communications and OIC.
According to OCC: 鈥淧rosperi has been instrumental in furthering OCC鈥檚 efforts to transition from a low profile market utility to a high profile industry thought leader, which has had a significant and positive impact on enhancing OCC鈥檚 brand, reputation and the stature of OCC鈥檚 leadership.鈥�
He will continue to report directly to Craig Donohue, OCC executive chairman and CEO.
Cawley, currently senior vice president, senior adviser to the executive chairman and CEO, is being promoted to executive vice president, senior adviser to the executive chairman and CEO.
OCC stated Cawley will take on expanded responsibilities to include supporting the office of the CEO in promoting an increased focus on diversity and inclusion opportunities at OCC.
Wells, currently vice president, enterprise risk management, is being promoted to the newly created role of first vice president, regulatory policy.
She will be responsible for analysing regulatory and policy initiatives and working with OCC management to formulate OCC鈥檚 policy positions.
Wells will report to Julie Bauer, senior vice president for government relations.
In a statement on the new appointments, Donohue said: 鈥淭o fulfill its role as an effective and efficient systemically important financial market utility and serve as a forceful advocate for the US exchange-listed options industry, OCC must be seen as a destination for top talent.鈥�
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