Chicago-based OCC, the equity derivatives clearing organization also known as the Options Clearing Corp., reports that Luke Moranda has joined as senior vice president and chief information officer (CIO).
He will replace Raymond Tamayo, who had previously announced his intention to retire in 2015, and will report to Michael McClain, OCC president and chief operating officer, according to a company statement.
Formerly, Moranda was managing director, clearing technology and global payments technology, treasury services technology, at JPMorganChase, according to the statement, and his responsibilities included “leading the technology effort for global payment strategy, processing the movement of up to $5 trillion per day in real-time wires, and supporting the global movement of up to $10 trillion per day in U.S. and U.S. dollar equivalents.”
At JPMC, Moranda “managed a 450-person global technology organization responsible for supporting JPMorganChase’s market-leading U.S. dollar wire business, along with global payment support functions including FX, investigations, fund control, and case management for sanctions screening,” OCC says.
At OCC, he will head the company’s “technology vision and strategy, and lead the transformation of world-class systems and services to meet the needs of OCC clearing members,” according to the statement.
OCC, founded in 1973, currently provides central counterparty clearing and settlement services to 16 exchanges and trading platforms for options, financial futures, security futures and securities lending transactions, the organization notes.
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