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OCC Announces Promotions to Leadership Team

OCC Announces Promotions to Leadership Team

09/26/2017

OCC Announces Promotions to Leadership Team

OCC, the world’s largest equity derivatives clearing organization, today announced several promotions to its leadership team.

“To fulfill its role as an effective and efficient Systemically Important Financial Market Utility and serve as a forceful advocate for the U.S. exchange-listed options industry, OCC must be seen as a destination for top talent,” said Craig Donohue, OCC Executive Chairman and CEO. “Through the work of our entire team, OCC has been able to attract and retain very knowledgeable individuals across a wide range of expertise who are adding value to the work we do every day for market participants.

“This work has allowed OCC to develop a deep and talented team of colleagues across the company who are contributing greatly to the ongoing success of OCC and our industry. It reflects well on our company when we can recognize and promote those colleagues who are performing at a high level and serving the needs of OCC and market participants. It is in this light that I am pleased to announce the following promotions or new responsibilities.”

- Jim Kustusch, currently Senior Vice President, Operations, is being promoted to Executive Vice President, Strategic Clearing Initiatives – Functionality. As OCC moves forward with the ENCORE technology replacement, Kustusch will draw on his 32 years of experience at OCC, including with the INTRACs (OCC’s prior core clearing system) to ENCORE transition, in ensuring that all current and anticipated future business functionality needs are met. He will continue to report to John Davidson, OCC President and Chief Operating Officer.

- Jean 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. She 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. Cawley, who has worked at OCC for 28 years, and Tracy Raben, OCC’s Chief Human Resources Officer, will work with OCC’s Human Resources team to formulate and execute plans to better promote diversity and inclusion across the company.

- Dan Busby, currently First Vice President, Business Operations, is being promoted to Senior Vice President, Operations, where he will be responsible for national operations, corporate actions, membership services and collateral services. An 18-year veteran of OCC, Busby will report to John Davidson.

- David 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. 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.

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