Hoag will fill the role left by Luke Moranda, as of 1 May. Moranda, in turn, is set to become senior vice president and senior information technology adviser to OCC’s new president and COO John Davidson, who will join the clearinghouse in early May.
Both Hoag and Moranda will report directly to Davidson.
Previously, Hoag served as chief technology officer for Halo Investing, which developed and now offers a pre-defined market return trading platform for investors.
“I am very pleased that David Hoag will join our technology leadership team,” said Craig Donohue, OCC executive chair and CEO.
“OCC must continue to cultivate confidence in our resiliency while simultaneously meeting the needs of market participants with cost-effective solutions.
“David can build upon the progress and momentum created by Luke Moranda and our IT team to help ensure that OCC has the technology infrastructure in place to assess the ability to meet the evolving needs of our clearing members while also meeting the heightened expectations of global regulators.”
Donohue added: “As our senior IT adviser, Luke will focus on OCC’s future state IT capabilities, including modernising and improving our software development life cycle processes. I have great confidence in Luke’s ability to deliver outstanding results in this new role, given his background and experience.”