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 Adds Leaders from Morgan Stanley and Bank of America Merrill Lynch to Board of Directors

July 29, 2019
Chicago -

OCC, the world's largest equity derivatives clearing organization, announced today that Susan O'Flynn, Managing Director and Global Head of CCP Strategy and Resource Optimization with Morgan Stanley, and Stuart Bourne, Managing Director, Head of Americas Asset Management Services with Bank of America Merrill Lynch, have joined OCC's Board of Directors as Member Directors.

"As a Systemically Important Financial Market Utility, OCC is fortunate to attract a Board of Directors that brings significant expertise in risk management, technology, operations, compliance, regulatory policy and audit to help us fulfill our mission of ensuring confidence in financial markets and the broader economy," said Craig Donohue, OCC Executive Chairman. "Adding Susan and Stuart to our board of directors supports OCC's continued resiliency, innovation and growth as an industry leader as we clear the path to provide high-quality, efficient clearance, settlement and risk management services to the users of our markets."

O'Flynn has worked for Morgan Stanley since 2008, and currently is globally responsible for CCP strategy and resource optimization, in addition to being EMEA Head of Bank Resource Management within Institutional Securities. Prior to that, she worked at Goldman Sachs in the structured funding business in London and New York for three years. She holds a Masters' degree in Intellectual Property Law from University College in London, and a Bachelor of Laws degree from University College in Dublin.

Bourne has worked for Bank of America Merrill Lynch since 2013, and his role includes responsibility for options clearing and prime brokerage. Prior to that, he worked at Morgan Stanley for 16 years, most recently serving as Managing Director, Prime Brokerage. Bourne holds an economics degree from the University of Warwick in England.

Ms. O'Flynn and Mr. Bourne fill the vacancies left by the resignations of Rachelle Keller of Citi in July 2018, and Jonathan Werts from Bank of America Merrill Lynch in May 2019.

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]).