OCC Appoints General Counsel of NYSE Group to Board of Directors

OCC, the
world’s largest equity derivatives clearing organization, announced
today that Elizabeth King, General Counsel of NYSE Group, has joined the
Board of Directors as an Exchange Director. She fills a vacancy created
by the departure of former NYSE Group President Thomas Farley in May.

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Elizabeth King, General Council for NYSE Group (Photo: Business Wire)

As General Counsel, King manages the legal department for NYSE Group,
which includes four cash equity and two equity options markets,
including the New York Stock Exchange. Prior to joining NYSE Group, she
was Deputy General Counsel and Global Head of Regulatory Affairs at
securities trading firm KCG Holdings, Inc. Before joining KCG, King was
Associate Director, Division of Trading and Markets at the U.S.
Securities and Exchange Commission, where she was responsible for the
SEC’s regulatory program for oversight of the securities markets.

“As a Systemically Important Financial Market Utility, OCC works
diligently to clear the path for investors by ensuring confidence in the
financial markets and the broader economy,” said Craig
Donohue, OCC Executive Chairman and Chief Executive Officer. “The
addition of Elizabeth to our board of directors supports OCC’s continued
resiliency, innovation and growth as an industry leader and market
influencer in our mission to provide high quality and efficient
clearing, settlement and risk management services to market
participants.”

King holds a J.D. from the University of Pennsylvania, and an A.B. from
Duke University.

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) as a registered clearing agency and the U.S. Commodity Futures
Trading Commission (CFTC) as a Derivatives Clearing Organization. Named
2018 Best Clearing House by Markets Media, OCC now provides
central counterparty (CCP) clearing and settlement services to 19
exchanges and trading platforms for options, financial futures, security
futures, and securities lending transactions. More information about OCC
is available at www.theocc.com.

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