The Options Clearing Corporation (OCC) today announced the hire of David Ye as Chief Risk Officer and a member of OCC’s Management Committee. With over 20 years of leadership experience in financial and operational risk management, including executive positions at State Street Global Markets and Nomura Holding Americas, Ye will be responsible for implementing OCC’s risk management strategy.

“We are very pleased to welcome David to OCC’s risk leadership team,” said John Davidson, OCC Chief Executive Officer. “This appointment demonstrates our continued ability to attract top talent to support our mission and further enhance our resiliency as a critical market infrastructure.”

Ye is an Executive in Residence at Duke University. Before joining OCC, he also served in a variety of leadership roles including Chief Risk Officer at Guardian Life Insurance of America, Chief Risk Officer at State Street Global Markets and Global Exchange, and Chief Risk Officer at Nomura Holding Americas.

Ye started his financial services career as a senior asset and liability analyst at PNC Financial Services Group, later advancing ultimately to Chief Market Risk Officer for PNC Group. Ye received a bachelor’s degree in mathematics from Fudan University in China and a Ph.D. in mathematics from Duke University. He is a CFA Charterholder.

Ye will replace John “J.J.” Fennell, who will be leaving OCC on July 2 to pursue a new opportunity.