18 April 2017
Chicago
Reporter: Drew Nicol

OCC bags new IT chief


OCC’s senior leadership shake up continues with the appointment of David Hoag as senior vice president and chief information officer.

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.”

More people moves news
The latest news from Securities Lending Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Pirum gains Crowther for client innovation
06 October 2017 | London | Reporter: Drew Nicol
Crowther will be responsible for business development and will be active in Pirum’s equity finance, liquidity management and prime brokerage businesses
OCC reshuffles board
4 October 2017 | Chicago | Reporter: Drew Nicol
Derivative clearinghouses OCC has welcomed new talent to its board of directors
ETC names new securities lending chief
28 September 2017 | New York | Reporter: Jenna Lomax
Based in New York, Nicosia will oversee ETC’s securities lending efforts and will be responsible for managing its expanding team
J.P. Morgan moves Streat to securities lending team
28 September 2017 | New York | Reporter: Drew Nicol
J.P. Morgan has added Pierre Streat to its securities lending team in New York
OCC revamps senior leadership
27 September 2017 | Chicago | Reporter: Drew Nicol
Equity derivatives clearinghouse OCC has completed a comprehensive restructuring of its senior staff members including David Prosperi, Jean Cawley, Kirstin Wells
Broadridge expands sec finance project team
25 September 2017 | London | Reporter: Drew Nicol
Broadridge has recruited Martin Walker as head of product management for securities finance and collateral management
Broadridge promotes Santangelo to president of EMEA and APAC sales
14 September 2017 | London | Reporter: Jenna Lomax
Santangelo responsibilities will now include global sales management, business development and strategic client initiatives