OCC names senior compliance and finance officials

James Pribel

Equity derivatives clearing organization the Options Clearing Corporation (OCC) has announced changes to its senior management team in the compliance and finance areas.

The three new appointments are: 

• Joe Adamczyk, who was formerly OCC’s first vice president and deputy general counsel, has been promoted to senior vice president and chief compliance officer, replacing Richard Wallace, effective December 2
• Amy Shelly, who was previously interim CFO for a private equity portfolio company, has been named senior vice president and CFO. She started in her new role on December 5, succeeding Kimberly McGarry. Shelly is responsible for finance, accounting, strategic sourcing and facilities, as well as a new treasury function
• James Pribel, formerly executive director and treasurer at CME Group, has been named first vice president of treasury - a new position in the organization ‒ effective immediately

‘Adding Amy, Jim and Joe to our leadership team strengthens the breadth and depth of experience we believe is necessary to strengthen OCC’s financial management and risk governance culture so we can better serve market participants on behalf of the US listed equity options and futures markets,’ says Craig Donohue, OCC executive chairman and CEO, in a statement.

Adamczyk joined OCC in 2015 and has been working primarily on compliance and regulatory exam management issues, according to a notice from the firm. He worked for CME Group from 2007 to 2015, most recently as managing director and associate general counsel, a role in which he advocated for the firm before regulators, policy makers and industry panels in the US, Europe, the Middle East and Asia-Pacific.

From 2015 to 2016, Shelly was a project manager for CF Industries, where she worked with the company’s corporate controller to manage the integration of a large acquisition. In 2014 she was the interim CFO for Volant Holding, a holding company with wholly owned proprietary trading companies located in the US, the UK and Hong Kong.

From 2008 to 2014, she was CFO for derivatives market maker Optiver US, where she managed the financial risks of the business including financial regulatory compliance, investments, communicating financial performance and forecasts, tax compliance and various treasury functions.

Pribel has been providing treasury and financial management support for OCC as a consultant since January, the company says.

‘On behalf of our board of directors and my colleagues, I want to thank Kim McGarry and Richard Wallace for their contributions to OCC, and we wish them well in their future endeavors,’ Donohue says. A spokesperson for the company did not have information regarding the future plans of McGarry and Wallace, nor the name of Shelly’s previous employer.

‘I was privileged to be OCC’s first full-time [CCO], to build the compliance department and later the records and information management department and business and control groups at OCC to more mature states and help OCC adapt to the heightened requirements of its designation as a systemically important financial market utility,’ Wallace tells Corporate Secretary. ‘I hope to use my experience at OCC, Finra, Foley & Lardner and the [SEC] in the next phase of my career.’

McGarry did not respond immediately to a request for comment.