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OCC Announces Kimberly McGarry as New Chief Financial Officer

CHICAGO (November 18, 2014) - OCC announced today that Kimberly McGarry has joined OCC as Senior Vice President and Chief Financial Officer.

Ms.McGarry joins OCC after serving as Senior Vice President, Chief Accounting Officer at First Midwest Bank. In that role, she restructured and led the finance and accounting team and was responsible for internal and external financial reporting including preparation of quarterly and annual earnings releases and reports to the SEC and Federal Reserve Bank. Prior to that she was Senior Manager in the Assurance Services practice of Ernst & Young LLP and Manager of the Audit and Business Advisory Services area for Andersen LLP. Ms.McGarry also has extensive experience in technical accounting and internal control programs.

"We are delighted to welcome Kimberly to OCC," said Craig S. Donohue, OCC Executive Chairman. "With her wealth of experience and depth of knowledge in accounting and finance, she is well suited to lead these areas at OCC as we seek to meet the increased financial standards for systemically important clearinghouses like OCC."

Ms.McGarry received her Bachelor of Science in Accounting from Miami of Ohio and her MBA in Finance and International Business from the University of Chicago.

 

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 16 exchanges and trading platforms for options, financial futures, security futures and securities lending transactions. More information about OCC is available at www.theocc.com.