OCC Names Mike Nowak CFO

Nowak Delivers a lot more than 20 Many years of Leadership, Finance and Operations Practical experience

July 26, 2022

Chicago – OCC, the world’s most significant equity derivatives clearing corporation, today introduced its Board of Administrators elected Mike Nowak as Main Financial Officer and a member of OCC’s Administration Committee, efficient August 8. As CFO, Nowak will oversee all of OCC’s Corporate Finance features, such as treasury, finance, accounting, strategic sourcing, as effectively as amenities and seller administration. To aid make certain a easy transition, Nowak will perform intently with outgoing CFO Amy Shelly, who is leaving OCC to pursue a new prospect.

“As both equally the former CFO at a single of our member firms and a previous OCC Board member, Mike has been a solid partner more than the decades who has a deep understanding of our market and our company,” said Craig Donohue, OCC’s Executive Chairman. “He is an set up leader with a track document of achievements, and we glance ahead to him becoming a member of our staff.”

Prior to signing up for OCC, Nowak was the Chief Economic Officer of ABN AMRO Clearing Chicago LLC, a registered broker-supplier and futures fee service provider that acts largely as a clearing broker for substantial broker dealer proprietary investing firms and institutional purchasers in the U.S. and all-around the globe. In his part as CFO, Nowak oversaw the working day-to-day management of liquidity, money, stability sheet and regulatory reporting for the organization. He formerly served as the Main Functions Officer for ABN AMRO Clearing Chicago, overseeing all of the again-place of work functions of the organization.

Nowak has been involved in quite a few committees and operating groups over the a long time with DTC, FINRA, CME, FIA and other organizations. He was also a member of OCC’s Board of Directors.

Nowak graduated from Marquette College with a bachelor’s diploma in biomedical engineering. He also has a master’s diploma in accounting from DePaul University’s Kellstadt Graduate School of Company. Mr. Nowak has held the Series 3, 7, 24, 27 and 63 registrations more than the class of his time in the field and is a Registered CPA.

About OCC

The Selections Clearing Company (OCC), named Danger Magazine’s 2022 Clearing Household of the 12 months, is the world’s biggest fairness derivatives clearing firm. Started in 1973, OCC is devoted to advertising and marketing steadiness and marketplace integrity by providing clearing and settlement providers for solutions, futures and securities lending transactions. As a Systemically Critical Money Market place Utility (SIFMU), OCC operates underneath the jurisdiction of the U.S. Securities and Exchange Fee (SEC), the U.S. Commodity Futures Buying and selling Fee (CFTC), and the Board of Governors of the Federal Reserve Procedure. OCC has more than 100 clearing users and provides central counterparty (CCP) clearing and settlement services to 19 exchanges and investing platforms. Extra details about OCC is obtainable at www.theocc.com.

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