The Options Clearing Corporation (OCC) based in Chicago has announced that two new members will be joining its board of directors.
OCC is set to welcome Kevin Kennedy and Thomas Barrett who will be joining the board of directors replacing Tom Wittman and Mark Dehnert who stepped down at the end of 2019.
Kennedy is senior vice president and head of product management for North American market services at Nasdaq.
Barrett currently leads global futures and derivatives clearing services, he also heads the global clearing business in prime services at Goldman Sachs.
"We are pleased that Kevin and Tom are joining our board of directors to add their broad industry expertise as OCC moves forward on its transformation journey,” said Craig Donohue, executive chairman.
He adds, "Their insights on the workings of the US equity derivatives market will support our continued efforts to bring operational excellence, growth and innovation to the users of these markets."
In his current role, Kennedy leads the Nasdaq product management team across options, equities, and trade management services. He also serves on the Nasdaq CXC Limited Board of Directors.
Kennedy has previously served as head of US derivatives at Nasdaq, where he was in charge of the full slate of options and futures products. Prior to this, he served on the PHLX Board of Governors prior to its purchase by Nasdaq.
Barrett joined Goldman Sachs in 2005. He was named managing director in 2010, and partner in 2014. Barrett earned a Bachelor of Science in applied mathematics from Northwestern University and a Master of Science in financial mathematics from the University of Chicago.
