OCC makes promotions

Source: Options Clearing Corporation

The Options Clearing Corporation (OCC) announced today the promotions of two officers.

Mary Savoie to First Vice President, Industry Services from Vice President, Industry Services. She will continue as lead manager of the Options Industry Council, an industry cooperative program of comprehensive options education for retail and institutional investors and financial advisors. Ms. Savoie will also manage OCC's role in organizing the Options Industry Conference and OCC's Corporate Communications function.

William Eineke to Vice President, Risk Management from Director, Risk Management. In this role he will be responsible for increasing OCC's risk management systems role by expanding the products covered by OCC's risk-based haircuts and customer portfolio margin data and more importantly will lead the multi-year systems effort to convert OCC's pricing systems to the new technology.

These promotions come at the end of the eighth consecutive year of record volume cleared at OCC.

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