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OCC Announces Officer Promotions

CHICAGO (December 21, 2011) OCC announced seven officer promotions today including some as part of an organizational realignment to enhance OCC's strong and comprehensive risk management systems and controls.

Michael Walinskas to Executive Vice President and Chief Risk Officer from Senior Vice President, Risk Management and Membership. In his new role he will be responsible for an expanded Enterprise Risk Management function that includes analyzing and reporting on Operational Risk, Strategic Risk, Financial Risk, and Systemic Risk, and reporting on these areas to OCC's board and regulators. Additionally, Walinskas will manage OCC's government relations process and serve as the primary liaison with regulators and other external industry organizations.

John Fennell to Senior Vice President, Risk Management and Treasury Operations from First Vice President, Risk Management. He will assume responsibility for OCC's risk management process, including Quantitative Risk Management, as well as continue his current responsibilities for Financial Surveillance and Treasury Operations.

Douglas MacKay to First Vice President, Finance and Accounting from Vice President, Finance and Accounting. In addition to retaining his duties as Controller, he will also be taking on a more strategic role in managing the Accounting and Finance organizations.

Dawn Combs to Vice President, Corporate Communications from Director, Corporate Communications. In her new role, she will take on expanded management responsibilities for OCC and OIC marketing and education programs. Combs is also managing the annual Options Industry Conference including the first Wealth Advisors Summit, which will take place in 2012.

John Dodson to Vice President, Quantitative Risk Management from Director, Quantitative Risk Management. He will continue to supervise other QRM team members and to represent OCC with clearing member firms. Dodson will continue to manage working relationships with Application Development and Application Services.

Chris Hudon to Vice President, National Operations from Director, National Operations. In this role, she will continue to manage the staff across three shifts responsible for the daily execution and processing. Hudon will also act as the primary clearing operations contact for OCC's participant exchanges.

Denise Knabjian to Vice President, Investor and Internet Services from Director, Investor and Internet Services. In her new position, she will take on a more strategic role and assume new responsibilities. Knabjian will continue to oversee all of OCC's external websites, the recently renamed Investor Services resource and also manage the implementation of a new corporate-wide intranet.

About OCC

OCC is the world's largest equity derivatives clearing organization. Founded in 1973, OCC operates under the jurisdiction of both the Securities and Exchange Commission (SEC) as a Registered Clearing Agency and the Commodity Futures Trading Commission (CFTC) as a Derivatives Clearing Organization. OCC now provides central counterparty (CCP) clearing and settlement services to 15 exchanges and trading platforms for options, financial and commodity futures, security futures and securities lending transactions. More information about OCC is available at www.theocc.com.