Explore
Close
Your acceptance of all cookies will permit robust site functionality. If you don't allow cookies, some features and functionality of OCC's site may not operate as expected. If you do not choose either cookie setting for our site, or if you close this window, this message will continue to display on each page you visit. Cookie settings can be controlled in your Internet browser to automatically reject some forms of cookies. For more details on cookies this site uses, see our OCC Site Cookies page. In addition to using cookies, we retain other information, including your Internet Protocol (IP) address, for the purposes listed in the Privacy Policy.

OCC Appoints Joseph Kamnik as General Counsel

  • Cawley Named Senior Vice President and Corporate Secretary
May 28, 2015
Chicago -

OCC, the world's largest equity derivatives clearing organization, announced today that Joseph Kamnik, currently the firm’s Vice President and Chief Regulatory Counsel, has been promoted to Senior Vice President and General Counsel, effective June 1. Kamnik will oversee OCC’s legal and regulatory affairs, and provide counsel on a broad range of legal matters to OCC’s management and board of directors. He will report to Craig Donohue, Executive Chairman.

In his previous role as Vice President and Chief Regulatory Counsel, Kamnik was responsible for working with and effectuating OCC policies with the U.S. Securities and Exchange Commission , the U.S. Commodity Futures Trading Commission, and the Board of Governors of the Federal Reserve in OCC’s role as a SIFMU. He also was responsible for increasing OCC’s level of engagement with international regulators. Kamnik joined OCC in October 2014.

Previously, Kamnik was Assistant Director in the SEC’s Division of Trading and Markets, Office of Clearing and Settlements, where from 2012 to 2014 he developed and supervised teams responsible for overseeing securities and security-based swaps clearing agencies registered with the SEC, including four clearing agencies designated systemically important by the Financial Stability Oversight Council. Kamnik also developed and implemented the SEC framework to review proposed changes filed by systemically important financial market utilities pursuant to Title VIII of the Dodd-Frank Act. He started at the SEC in 2005 as an Attorney-Advisor. Kamnik also worked as an Associate for the law firm of Akin Gump Strauss Hauer & Feld in Washington, D.C. from 2002-2005.

“Joe brings more than a decade of experience in formulating regulatory policy and regulating systemically important financial market utilities like OCC,” said Donohue. “This is a critical and important role for OCC as a foundation for secure markets, and the depth of Joe’s regulatory experience will benefit our firm as we strive to meet the heightened expectations of regulators in our role as a SIFMU.”

Kamnik received a B.A. from Susquehanna University and a J.D from the University of Pennsylvania Law School.

Donohue also announced that Jean Cawley, Senior Vice President and Deputy General Counsel, and who had been serving as Acting General Counsel, has accepted the role of Senior Vice President and Corporate Secretary. In this role, Cawley will work with the General Counsel and Executive Chairman and will be responsible for maintaining OCC’s governance principles and framework as well as advising directors on their duties to ensure compliance with OCC by-laws.

This web site discusses exchange-traded options issued by The Options Clearing Corporation. No statement in this web site is to be construed as an endorsement, recommendation or solicitation to purchase or sell a security, or to provide investment advice. Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of the disclosure document, Characteristics and Risks of Standardized Options. Individuals should not enter into option transactions until they have read and understood this document. To obtain copies, contact your broker, any exchange on which options are traded, or The Options Clearing Corporation, 125 S. Franklin Street, Suite 1200, Chicago, IL 60606 ([email protected]).