Chicago
11 April 2017
Reporter: Drew Nicol
OCC poaches Ridgway for risk management
OCC has continued its raid on Wall Street with the appointment of David Ridgway as senior vice president for enterprise risk management.

Ridgway has joined the clearinghouse from BNY Mellon, where he was head of risk for North America for just over three-and-a-half-years.

At OCC, Ridgway reports to John Fennell, executive vice president and chief risk officer.

“I am very pleased that we continue to attract talented people in financial services like David Ridgway to OCC,” said Craig Donohue, executive chairman and CEO.

“David’s experience with firms like BNY Mellon, BlackRock and Barclays will mesh nicely with John Fennell’s nearly 25 years of extensive clearing, settlement and risk management knowledge and expertise at OCC, and will help our organisation deliver a more mature risk-oriented culture to better serve market participants.”

Ridgway’s appointment follows the recruitment of Citi chief compliance officer John Davidson to take up the role of COO following the departure of Michael McClain last month.

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
ECB to launch new faster payments system
22 June 2017 | Frankfurt | Reporter: Stephanie Palmer
The European Central Bank (ECB) is expanding its TARGET 2 instant payments system to facilitate retail payments throughout Europe
Clients demand innovation in custody
22 June 2017 | New York | Reporter: Stephanie Palmer
Custodians must embrace new technologies if they’re to survive in the digital age, according to a survey of sell-side executives by BNP Paribas Securities Services and TABB Group
Citi recruits Matthew Bax
21 June 2017 | London | Reporter: Barney Dixon
Citi has hired Matthew Bax as its Europe, Middle East and Africa (EMEA) head of sales for custody and fund services
Denise Voss re-elected as ALFI chair
21 June 2017 | Luxembourg | Reporter: Stephanie Palmer
The Association of the Luxembourg Funds Industry has re-elected Denise Voss to serve a further two years as chair of the board of directors
Fragmentation would weaken central clearing, says Mark Carney
20 June 2017 | London | Reporter: Mark Dugdale
In a speech at a breakfast event at Mansion House in London, Carney warned against carving up London’s clearing market once the UK leaves the EU
Northern Trust: Investors are taking transparency seriously
20 June 2017 | Chicago | Reporter: Stephanie Palmer
Transparency is an increasingly important factor when considering investment into both traditional and alternative assets
Clearstream’s ETF assets surpass €300 billion
20 June 2017 | Frankfurt | Reporter: Stephanie Palmer
Clearstream has seen a 25 percent increase in its custody business for exchange-traded funds over the last 12 months, with ETF assets under custody passing the €300 billion mark for the first time in May
More news