OCC appoints 2 new members to the Board of Directors

Press release -

CHICAGO, March 30, 2017 OCC, the world’s largest equity derivatives clearing organization, today announced that Andrej Bolkovic, CEO of ABN AMRO Clearing Chicago LLC, and Jamil Nazarali, Head of Execution Services at Citadel Securities, have joined the board of directors as Member Directors.

Bolkovic was appointed to fill a vacancy for a term ending in 2017 created by the departure of John Ruth, and also was nominated for election this year. Nazarali was appointed to fill a vacancy created by the departure of George S. Fischer with a term ending in 2018.  

As CEO of ABN AMRO Clearing Chicago LLC, Bolkovic has overall responsibility for the broker dealer and FCM activities of the firm. He joined ABN AMRO Clearing Chicago’s parent bank, ABN AMRO Clearing Bank NV, in May 2007, serving most recently as a member of the executive board of ABN AMRO Clearing Bank NV from August 2014 until June 2016. During his tenure at ABN AMRO Clearing Bank NV, he held the positions of Global Chief Information Officer, Global Chief Operations Officer, and Global Head of Products. Bolkovic began his career in the IT and Securities division at ING Bank in the Netherlands in 1995. He currently is a non-executive Director at ICE Clear Netherlands. Bolkovic holds series 7, 24, 3 and 63 licenses. He received a Master in English Language and Literature from Vrije Universtiteit Amsterdam and a post-graduate degree in Business Administration from HES Amsterdam.
Nazarali is the Head of Execution Services at Citadel Securities, where he oversees Citadel Securities’ client market making offerings in Equities and Options. He served as the Global Head of Electronic Trading at Knight Capital Group until 2011 when he joined Citadel Securities. Prior to Knight, he worked as a management consultant at Ernst & Young and earlier at Bain & Company. Nazarali holds Series 7, 24, 55, and 63 licenses. He received a Bachelor’s degree from the University of Western Ontario and a Master of Business Administration from the University of Chicago.

“OCC continues its transformation to a systemically important market influencer ensuring confidence in the financial markets and broader economy,” said Craig Donohue, OCC Executive Chairman and CEO. “The addition of Andrej Bolkovic and Jamil Nazarali to our board of directors supports our objectives to sustain resiliency, foster innovation, and lead advocacy and educational efforts while continuing to drive industry growth and contribute to the reduction of systemic risk in the financial system.”

About OCC
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.

Media Contact:
David Prosperi