OCC, the world’s largest equity derivatives clearing organization, has appointed Stephen Luparello as Chairman, succeeding Craig Donohue, who resigned to pursue another career opportunity. Luparello is a Public Director on OCC’s Board of Directors, most recently serving on the Compensation and Performance Committee (Chair) and the Regulatory Committee (Chair). He will serve as Chair for the remainder of Donohue’s term, which runs through April 2026. Luparello’s career in financial markets includes stints as Managing Director and General Counsel for Citadel Securities, and Director of the U.S. Securities and Exchange Commission’s Division of Trading & Markets. In addition, he spent 16 years at the Financial Industry Regulatory Authority (FINRA) where he served in a number of senior regulatory roles, including Vice Chairman.
Wilshire has appointed Jason Schwarz to Chief Executive Officer. He succeeds current CEO, Andy Stewart, who will assume the role of Executive Chairman and continue to provide strategic guidance and support to the executive team, focusing on long-term vision, M&A, and growth initiatives. Schwarz most recently served as President and Deputy CEO at the firm. Additionally, Hanna Valva and Jason Hubschman will assume the roles of Co-Chief Operating Officer. They succeed Scott Condron who will be moving to a Senior Advisor role, providing support to our executive team before he retires later in the year.
Cboe has appointed Craig Donohue as its new CEO, effective May 7, 2025. He will succeed Fred Tomczyk who will step down as CEO and remain on the Board. Donohue is a seasoned global derivatives market executive with more than 30 years of experience, including two decades at CME Group where he spent eight years as CEO before departing in 2012. Over the last decade, he has served as Chairman of the Board at OCC, the world’s largest equity derivatives clearing organization, where he also spent three years as CEO from 2016 until 2019.
State Street Corporation has appointed John F. Woods to Chief Financial Officer (CFO). Woods, who will join State Street in late August, succeeds Mark Keating who has served as interim CFO since February. Upon joining State Street, Woods will report to Ron O’Hanley, State Street’s chairman and chief executive officer. Woods joins State Street from Citizens Financial Group where he is currently Vice Chair and Chief Financial Officer.
Standard Chartered has appointed Noelle Eder as Group Head, Technology & Operations, subject to regulatory approval. Eder will be reporting to Group Chief Executive, Bill Winters, and will be based in Singapore. Noelle joins from The Cigna Group, where she was the Executive Vice President and Global Chief Information Officer. She was responsible for leading the digital, technology, data & analytics and operations strategy, aligning with the organisation’s goals to drive innovation and transform healthcare.
René Paula has joined Nasdaq Private Market (NPM) as Chief Legal and Chief Financial Officer, and Samantha Tortora has joined NPM as Chief Growth and Chief Marketing Officer. In addition, Amanda Gold has been named Chief of Staff and Chief People Officer; Andrew Kroculick, who has been with NPM since 2017, has been named Chief Operating Officer; Bill Spoor has been named Head of Capital Solutions; and Parul Dubey has been named Head of SecondMarket. In addition, Marc Perkins has been named Senior Vice President of Product.
FINBOURNE Technology, has appointed Toby Glaysher as Chairman of the Board, alongside the formation of a new Advisory Board to enhance client focus and support continued growth. Glaysher brings extensive experience in global financial services, most recently serving as President of Global Fund Services at Northern Trust, where he played a key role in advancing the firm’s digital and data transformation.
United Fintech has appointed Deepak Nair as Chief Operating Officer (COO), joining the company’s Executive Leadership Team. Nair’s career spans over two decades including senior roles at Virgin Media O2, McKinsey & Company, UBS, JPMorgan and Goldman Sachs.
Sir Mark Tucker has advised the Board of HSBC of his intention to retire as Group Chairman before the end of 2025. The Board’s Nomination and Corporate Governance Committee has commenced the process to select Sir Mark’s successor as Group Chairman. This process is being led by Ann Godbehere, Senior Independent non-executive Director.
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