CHICAGO--(BUSINESS WIRE)--OCC, the world’s largest equity derivatives clearing organization, today announced the appointment of David Ridgway, a former senior risk management executive with BNY Mellon, as Senior Vice President, Enterprise Risk Management. Ridgway reports to John Fennell, Executive Vice President and Chief Risk Officer.
“I am very pleased that we continue to attract talented people in financial services like David Ridgway to OCC,” said Craig Donohue, Executive Chairman and Chief Executive Officer. “David’s experience with firms like BNY Mellon, BlackRock and Barclay’s will mesh nicely with John Fennell’s nearly 25 years of extensive clearing, settlement and risk management knowledge and expertise at OCC, and will help our organization deliver a more mature risk-oriented culture to better serve market participants.”
Ridgway joins OCC from BNY Mellon, where he served from October 2013 to the present, most recently as North America Head of Risk, Investment Management. In this role, Ridgway was responsible for providing risk support, oversight and advice across all risk classes with respect to the North American asset and wealth management business, distribution businesses and support functions, with total assets under management of $1.6 trillion. He also was the risk management advisor for strategic growth initiatives, acquisitions and new business, and originated and led the implementation of risk appetite within asset management, partnering with the executive team and serving as a member of the Investment Management Risk Committee.
Prior to BNY Mellon, Ridgway was the interim head of corporate and operational risk for Threadneedle Investments from April to September 2013, where he had global responsibility for all aspects of corporate and operational risk management for the London-based asset manager with assets under management in excess of $100 billion. Previously, Ridgway was global head of operational risk for BlackRock in New York from November 2009 to March 2013, where he had global responsibility for all aspects of the firm’s operational risk management across all products and geographies with assets under management of $3.8 trillion.
Ridgway also served as global operational risk director for Barclays Global Investors from November 2006 to October 2009, and as a senior manager for Coopers & Lybrand in London from October 1985 to March 1996.
He holds a BA in Economics from Cambridge University in the United Kingdom, and is a Qualified Chartered Accountant from the Institute of England and Wales.
OCC is the world's largest equity derivatives clearing organization and the foundation for secure markets. Founded in 1973, OCC operates under the jurisdiction of both the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) as a Derivatives Clearing Organization. Named 2016 Clearinghouse of the Year - The Americas by FOW Magazine and 2016 Clearinghouse of the Year by Global Investor/ISF Magazine, OCC now provides central counterparty (CCP) clearing and settlement services to 20 exchanges and trading platforms for options, financial futures, security futures, and securities lending transactions. More information about OCC is available at www.theocc.com.