27 September 2017
Reporter: Drew Nicol

OCC revamps senior leadership

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: “Prosperi has been instrumental in furthering OCC’s 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’s brand, reputation and the stature of OCC’s leadership.”

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’s policy positions.

Wells will report to Julie Bauer, senior vice president for government relations.

In a statement on the new appointments, Donohue said: “To 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.”

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