OCC appoints Mike Nowak as CFO
Equity derivatives clearing organization OCC today announced its Board of Directors elected Mike Nowak as Chief Financial Officer and a member of OCC’s Management Committee, effective August 8.
As CFO, Mr Nowak will oversee all of OCC’s Corporate Finance functions, including treasury, finance, accounting, strategic sourcing, as well as facilities and vendor management. To help ensure a smooth transition, Mr Nowak will work closely with outgoing CFO Amy Shelly, who is leaving OCC to pursue a new opportunity.
Prior to joining OCC, Mr Nowak was the Chief Financial Officer of ABN AMRO Clearing Chicago LLC, a registered broker-dealer and futures commission merchant. In his role as CFO, Mr Nowak oversaw the day-to-day management of liquidity, capital, balance sheet and regulatory reporting for the firm. He previously served as the Chief Operations Officer for ABN AMRO Clearing Chicago, overseeing all of the back-office functions of the firm.
Mike Nowak has been involved in many committees and working groups over the years with DTC, FINRA, CME, FIA and other organizations. He was also a member of OCC’s Board of Directors.
Mike Nowak graduated from Marquette University with a bachelor’s degree in biomedical engineering. He also has a master’s degree in accounting from DePaul University’s Kellstadt Graduate School of Business.