OCC, the world's largest equity derivatives clearing organization, announced today that Chris Isaacson, Executive Vice President, Chief Operating Officer of Cboe Global Markets, Inc., has joined OCC's Board of Directors as an Exchange Director. He replaces Edward Tilly, Chairman, Chief Executive Officer and President of Cboe Global Markets, who resigned from OCC's board earlier this month.
"OCC works diligently in its role as a Systemically Important Financial Market Utility to clear the path for investors by ensuring confidence in financial markets and the broader economy," said Craig Donohue, OCC Executive Chairman and Chief Executive Officer. "Adding Chris to our board of directors supports OCC's continued resiliency, innovation and growth as an industry leader as we work to provide high-quality, efficient clearing, settlement and risk management services to market participants.
"Throughout his many years of service on the OCC Board of Directors, Ed Tilly provided sound guidance and thoughtful leadership to the Board as a whole, and more specifically, through his work on various board committees, including becoming the first exchange director on the Risk Committee. On behalf of the board and management team, I thank Ed for his efforts on behalf of OCC."
At Cboe, Isaacson is responsible for running the day-to-day operations of the company, including oversight of all technology and operations, risk and information security, the trade desk, infrastructure, data and analytics, and foreign exchange technology and operations. He holds a B.S. degree in information systems with a minor in math from Nebraska Wesleyan University, and an MBA from the University of Nebraska, Lincoln, where he currently serves on the Advisory Board at the Raikes School of Computer Science and Management.