4 October 2017
Reporter: Drew Nicol

OCC reshuffles board

Derivative clearinghouses OCC has welcomed new talent to its board of directors.

Kurt Eckert, partner and head of market structure at Wolverine Trading, Rachelle Keller, COO for prime, futures and securities services at Citi, and Stephen Luparello, managing director and general counsel for Citadel Securities have all assumed vacated seats, effective immediately.

Luparello will fill the seat vacated by Jamil Nazarali and will hold his seat until 2018, while Eckert replaces Ray DiSanza and will sit until 2019.

Keller was appointed until 2020 as a result of the departure of Eric Noll.

In his role at Wolverine Trading, Eckert builds execution algorithms that incorporate the latest market structure dynamics.

Eckert has served on the boards of several options exchanges, including MIAX Options Exchange, Bats Options Advisory Board, NYSE ARCA Options, CBOE Advisory Board, and BOX Options Exchange.

Keller has served in her current role at Citi since May 2016. From 2014 to 2016, she was managing director and COO for investor services.

Prior to joining Citadel Securities in 2017, Luparello was the director of the division of trading and markets for the US Securities and Exchange Commission.

Luparello joined the firm after 16 years with the Financial Industry Regulatory Authority as vice chairman.

Craig Donohue, OCC executive chair and CEO of OCC, said: “As a systemically important financial market utility, OCC works to ensure confidence in the financial markets and the broader economy.”

“The addition of Kurt Eckert, Rachelle Keller and Stephen Luparello to our board of directors supports OCC’s objectives to sustain resiliency, foster innovation, and lead our advocacy and education efforts while continuing to drive industry growth and contribute to the reduction of systemic risk in the financial system.”

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