OCC Appoints David Ye as Chief Risk Officer

The Options Clearing Corporation (OCC), the world's largest equity derivatives clearing organization, has announced the appointment of David Ye as Chief Risk Officer and a member of OCC's Management Committee. In his new role, Ye will be responsible for implementing OCC's risk management strategy.

Ye is an Executive in Residence at Duke University. Before joining OCC, he also 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 ultimately to Chief Market Risk Officer for PNC Group. Ye received a bachelor's degree in mathematics from Fudan University in China and a Ph.D. in mathematics from Duke University. He is a CFA Charterholder.

John Davidson, OCC Chief Executive Officer, said: "We are very pleased to welcome David to OCC's risk leadership team. This appointment demonstrates our continued ability to attract top talent to support our mission and further enhance our resiliency as a critical market infrastructure."

​Ye will replace John "J.J." Fennell, who will be leaving OCC on July 2 to pursue a new opportunity.

Craig Donohue, OCC Executive Chairman, added, "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 endeavors."