11 April 2017
Chicago
Reporter: Drew Nicol

OCC poaches Ridgway for risk management


OCC has continued its raid on Wall Street with the appointment of David Ridgway as senior vice president for enterprise risk management.

Ridgway has joined the clearinghouse from BNY Mellon, where he was head of risk for North America for just over three-and-a-half-years.

At OCC, Ridgway reports to John Fennell, executive vice president and chief risk officer.

“I am very pleased that we continue to attract talented people in financial services like David Ridgway to OCC,” said Craig Donohue, executive chairman and CEO.

“David’s experience with firms like BNY Mellon, BlackRock and Barclays will mesh nicely with John Fennell’s nearly 25 years of extensive clearing, settlement and risk management knowledge and expertise at OCC, and will help our organisation deliver a more mature risk-oriented culture to better serve market participants.”

Ridgway’s appointment follows the recruitment of Citi chief compliance officer John Davidson to take up the role of COO following the departure of Michael McClain last month.

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