Equity derivatives clearing organization OCC today announced the appointment of Stephen Luparello as Chairman.
Mr Luparello will succeed Craig Donohue, who resigned to pursue another career opportunity.
Mr. Luparello is a Public Director on OCC’s Board of Directors, most recently serving on the Compensation and Performance Committee (Chair) and the Regulatory Committee (Chair). He will serve as Chair for the remainder of Donohue’s term, which runs through April 2026.
Luparello’s career in financial markets includes stints as Managing Director and General Counsel for Citadel Securities, and Director of the U.S. Securities and Exchange Commission’s Division of Trading & Markets. In addition, he spent 16 years at the Financial Industry Regulatory Authority (FINRA) where he served in a number of senior regulatory roles, including Vice Chairman.
Mr Luparello commented on his appointment:
“I am honored to serve as Chairman of the Board for OCC. It continues to be rewarding to serve alongside my fellow directors in this time of transformational change for OCC and across our industry. I look forward to continuing our work with OCC’s management team to elevate OCC’s resiliency and efficiency for the benefit of market participants and the investing public.”
“I want to recognize and thank Craig for his many contributions over the last decade in his roles as CEO and Chairman. Craig initiated critically important efforts to enhance OCC’s financial, operational and technological foundations. He skillfully led the Board in thoughtful oversight during his many years of leadership. The Board and I congratulate him and wish him all the best.”
