What Happened?
Chicago, IL-based Options Clearing Corporation has Appointed Luke Moranda as Chief Information Officer
About the Company
OCC is the world`s largest equity derivatives clearing organization. Founded in 1973, OCC operates under the jurisdiction of both the Securities and Exchange Commission (SEC) as a Registered Clearing Agency and the Commodity Futures Trading Commission (CFTC) as a Derivatives Clearing Organization. OCC now provides central counterparty (CCP) clearing and settlement services to 16 exchanges and trading platforms for options, financial futures, security futures and securities lending transactions.
About the Person
Luke Moranda serves as Chief Information Officer and Senior Vice President at The Options Clearing Corporation. Mr. Moranda joined OCC in March of 2015. He directs the OCC`s technology vision and strategy, and lead the transformation of world-class systems and services to meet the needs of OCC clearing members. He served as Managing Director of JPMorgan Chase & Co. until August 2014. Mr. Moranda joins OCC from JPMorgan Chase, where he served as Managing Director, Clearing Technology and Global Payments Technology, supporting the Treasury Services business. His responsibilities included leading the technology effort for global payment strategy, processing the movement of up to $5 trillion per day in real-time wires, and supporting the global movement of up to $10 trillion per day in U.S. and U.S. dollar equivalents. Mr. Moranda managed a 450-person global technology organization responsible for supporting JPMorgan Chase`s market-leading U.S. Dollar Wire business, along with global payment support functions including FX, investigations, fund control, and case management for sanctions screening. He held several other positions of increasing responsibility during his tenure at JPMorgan Chase. Earlier in his career, Mr. Moranda served as an Application Manager and Senior Project Manager with Heller Financial Capital. Prior to that, he served as a Senior Consultant with Accenture. Mr. Moranda received his BS in Electrical Engineering from Bradley University. He also earned an MBA from the Keller School of Business at Indiana University.
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