Promotions at OCC 22 December 2010Chicago Reporter: Ben Wilkie
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The Options Clearing Corporation has announced the promotions of two officers.
Mary Savoie will become first vice president, industry services. She is currently vice president, industry services. She will continue as lead manager of the Options Industry Council, an industry cooperative programme of comprehensive options education for retail and institutional investors and financial advisors. Savoie will also manage OCC's role in organising the Options Industry Conference and OCC's Corporate Communications function.
William Eineke has been promoted 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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