The Options Clearing Corporation (OCC), a derivatives clearing company, has promoted Megan Cohen to general counsel and corporate secretary.
The announcement follows the retirement of Janet Angstadt, the firm’s chief legal officer, who has been with the firm since 2019.
Cohen will work closely with Angstadt, OCC’s board of directors and management committee to facilitate the transition of responsibilities.
Cohen joined OCC in 2014 and has since taken on a number of senior roles. Most recently she was deputy general counsel and corporate secretary.
In this role, she led OCC’s corporate governance functions, advised OCC’s board and management on regulatory issues and oversaw the regulatory rule filing process with the U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the board of governors of the Federal Reserve.
Prior to that, Cohen was an attorney at Cboe Global Markets where she focused on regulatory matters.
During her time with OCC, Angstadt led and enhanced OCC’s legal, corporate governance and regulatory functions. In recent years, her role was expanded to administratively oversee OCC’s audit and compliance functions, which report directly to the board of directors.
OCC CEO John Davidson comments: “Megan is a very talented attorney with a wealth of industry and institutional knowledge and is an integral part of our leadership team.
“We are very pleased for Megan to take on this role and we offer our sincere thanks to Janet for her wise counsel and steady hand leading our legal team.”
OCC CEO-elect Andrej Bolkovic adds: “Megan’s promotion is yet another great example of OCC’s ability to attract and retain top talent. Her contributions to OCC over her tenure, and especially as deputy general counsel, have been extraordinarily valuable to our organisation.”
