OCC appoints Busby as COO 21 December 2022US Reporter: Carmella Haswell
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The Options Clearing Corporation (OCC) appoints Dan Busby as its new chief operating officer after Scot Warren announces retirement.
Currently acting as chief administrative officer, Busby will step into his new role on 1 January 2023.
Busby is a 23-year veteran at OCC and previously served as chief clearing and settlement services officer.
Prior to this, he held leadership roles in internet and investor services, member services and business operations.
He succeeds Warren, who will remain in his current position as COO until 2023, when Warren is set to retire from the organisation after seven years of service.
OCC has also announced the appointment of Mike Hansen to chief clearing and settlement services officer from 1 January 2023.
Hansen currently acts as managing director of clearing and settlement operations and will soon join OCC’s management committee, once his new role takes effect.
Hansen has more than 20 years of options industry experience and has served in various roles throughout his tenure at OCC including back-office processing, pricing and member services.
Commenting on the announcements, OCC CEO John Davidson says: “Dan and Mike are excellent leaders and continue to be key contributors to strengthening our operational resiliency.
“The depth and breadth of their collective industry knowledge and experience will ensure OCC continues to promote stability and market integrity while moving forward with our transformation.”
Andrej Bolkovic, OCC CEO-elect, adds: “These promotions are recognition of Dan and Mike’s tremendous impact on OCC, and we are pleased to see them grow their responsibilities as we deliver on our Renaissance promise and continue our focus on operational excellence.”
OCC Executive Chairman Craig Donohue thanks to Warren for his contributions to the organisation. Since joining the company in 2015, Warren has been instrumental in driving OCC transformation, creating alignment across the enterprise and enhancing execution of OCC’s strategic vision and corporate goals.
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