OCC, the equity derivatives clearing organisation, has appointed David Ye as chief risk officer and member of OCC’s management committee.
Ye brings 20 years of leadership experience in financial and operational risk management to his new role where he will be responsible for implementing OCC’s risk management strategy.
According to Scott Warren, OCC chief operating officer, Ye’s expertise will help OCC further strengthen its risk management capabilities as the organisation continues to enhance its services to market participants.
Before joining OCC, Ye served in a variety of leadership roles including chief risk officer at Guardian Life Insurance of America, chief risk officer at State Street Global Markets and Global Exchange, and chief risk officer at Nomura Holding Americas.
Ye started his financial services career as a senior asset and liability analyst at PNC Financial Services Group, later advancing to chief market risk officer for PNC Group.
John Davidson, CEO of OCC, says: “This appointment demonstrates our continued ability to attract top talent to support our mission and further enhance our resiliency as a critical market infrastructure. We are very pleased to welcome David Ye to OCC’s risk leadership team.”
Ye will replace John J.J. Fennell, who will be leaving OCC on 2 July to pursue a new opportunity.
Craig Donohue, OCC executive chairman, comments: “On behalf of our board of directors and management committee, I want to thank J.J. for the many contributions he brought to OCC during his tenure, including our efforts to strengthen OCC’s overall operational resiliency as well as enhancing the efficiency and effectiveness of our enterprise risk management, model risk management, security services, business continuity and third-party risk management teams. We wish J.J. the best of luck in all his future endeavours.”
