Scot Warren, chief operating officer, has announced his retirement from the Options Clearing Corporation (OCC), after seven years with the organisation.
He first joined the OCC’s Chicago office in 2015, holding the role of executive vice president of business and product development, where he was responsible for the OCC’s strategic and corporate planning processes.
In 2016, Warren began to oversee the OCC’s financial risk management, corporate planning, product and business development, and project management office, after being promoted to chief administrative officer.
He will remain in his current position as chief operating officer until 2023, when Warren is set to retire from the organisation.
In an online statement, Warren wrote: “After 36 years, the last seven with OCC, it is time for me to turn the page and not just start a new chapter, but begin writing a whole new book. So I wanted to share that I have notified the Board and Management Committee of my plans to retire from OCC next year.”
Warren praises the OCC for its transformation over the years, from identifying the need to replace its clearing and risk management system to redesigning its organisational structure and career framework.
“Seeing that progress has been deeply rewarding, and I am proud to have worked alongside each and every one of you,” says Warren. “While I will remain as COO for the next year and work on both continuing to enhance our service to market participants and the transition, I look forward to seeing where OCC goes from here.”
