The Options Clearing Corporation (OCC) has elected Mike Nowak as chief financial officer and a member of its management committee, effective 8 August.
At his new post, Nowak will oversee all of OCC’s corporate finance functions including treasury, finance, accounting, strategic sourcing, as well as facilities and vendor management.
Prior to joining OCC, Nowak was the chief financial officer of ABN AMRO Clearing Chicago — a broker-dealer and futures commission merchant — where he oversaw the day-to-day management of liquidity, capital, balance sheet and regulatory reporting for the firm.
Additionally, he had previously served as the chief operations officer at ABN AMRO, overseeing all back-office functions.
Nowak has been involved in multiple committees and working groups over the years including the Depository Trust Committee, the Financial Industry Regulatory Authority, CME Group, and the Futures Industry Association. He was also a member of OCC’s board of directors.
Commenting on Nowak’s new appointment, Craig Donohue, OCC’s executive chairman, says: “As both the former CFO at one of our member firms and a former OCC Board member, Mike has been a strong partner over the years who has a deep understanding of our industry and our business.”
“He is an established leader with a track record of success, and we look forward to him joining our team.”
